Fed lowers interest rates by 0.50 percentage points in first cut since 2020

Name: Fed lowers interest rates by 0.50 percentage points in first cut since 2020
Uploaded: 2024-09-19T09:31:00-0500
Duration: 2 min 9 s
Description: The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.

The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years.