Fed Cuts Rates by Half Point in Decisive Bid to Defend Economy

Published on September 18, 2024

The Federal Open Market Committee voted 11 to 1 to lower the federal funds rate to a range of 4.75% to 5%, after holding it for more than a year at its highest level in two decades.

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Fed Cuts Rates by Half Point In Decisive Bid to Defend Economy

September 18, 2024
The move highlights the growing concern among policymakers over the employment landscape.      Related StoriesSchwab Expects Revenue to Rebound After Slump Earlier This YearBill Could Throw HSA Money to the Dogs (and Cats)House OKs Steeper Penalties for Leaking Tax Data