Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Fed lowers rates by quarter point, signals two cuts for 2025

Federal funds is at a range of 4.25%-4.5%

Bloomberg News

Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs. The Federal Open Market Committee voted 11-1 on Wednesday to cut the federal funds rate to a range of […]

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