Federal Reserve Drops Policy Rate 25 Basis Points to 3.5%-3.75%

Federal Reserve Drops Policy Rate 25 Basis Points to 3.5%-3.75%

What the December FOMC meeting statement said The Federal Reserve’s Open Market Committee (FOMC), the rate-setting body that meets roughly eight times per year, voted to cut the Federal Funds rate by 25 basis points at its December meeting. This follows 25 basis point cuts in each of the September and October meetings and brings
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