Federal Reserve Cuts Its Key Interest Rate

Federal Reserve cuts its key interest rate

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.

Federal Reserve Resisted President Trump. Good

Another Federal Reserve meeting, another loss for President Trump. And we should all be grateful for that. A few hours ago, the Federal Open Market Committee voted 10 to 2 to reduce interest rates by

Federal Reserve Cuts Interest Rates by Quarter Point, Signals Pause on Further Reductions Amid Economic Uncertainty - Mahomet Daily

The Federal Reserve lowered its benchmark interest rate by a quarter percentage point on Wednesday, shifting its federal funds target range to 3.75–4 percent.  Federal Reserve officials cited recent indicators showing moderate economic growth but noted that job gains have slowed and unemployment, while still low, is trending upward. Inflation, meanwhile, has risen since earlier in the year and “remains somewhat elevated.” Alongside the rate cut,…