Fed Meeting Today: Why the Fed Cut Rates 25 bps and What It Means for Consumers
Intro: The quick answer Yes. Currently, during the Federal Open Market Committee (FOMC) meeting, the Federal Reserve reduced its target rate by 0.25 percentage points to 4.00-4.25 per cent. It is the first rate cut by the Fed since December of last year, and the committee indicated that further loosening would come in the latter … Read more