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Nov. 7, 2024: Federal Reserve cuts interest rates by a quarter point.

  • Andrew Belcher
  • Nov 23, 2024
  • 1 min read

As widely expected, the Federal Reserve lowered its overnight borrower rate by another 25 basis points on Wednesday to a target range of 4.50% to 4.75%, down from 5.25% - 5.50% earlier this summer. Interestingly, the vote to lower the Fed funds rate by 25 basis points was unanimous across all committee members.


 
 
 

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