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Yes... the rate cut has been announced.
Here are the key details:
The U.S. Federal Reserve cut its benchmark interest rate by 0.25% (25 basis points).
The new target range is 4.00% – 4.25%.
This is the first rate cut since December.
Fed officials also signalled there will likely be two more quarter-point cuts before the end of 2025.
#FedRateCutExpectations
Here are the key details:
The U.S. Federal Reserve cut its benchmark interest rate by 0.25% (25 basis points).
The new target range is 4.00% – 4.25%.
This is the first rate cut since December.
Fed officials also signalled there will likely be two more quarter-point cuts before the end of 2025.
#FedRateCutExpectations
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