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How much did the Federal Reserve cut rates?

Asked 1 hour ago

Answer

The Federal Reserve cut interest rates by a quarter point, or 0.25 percentage points.

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CBS America

Fed cuts interest rates by 0.25 percentage points

CBS America ยท Just In
CBS America
CBS America
Just In
  • The Federal Reserve announced a 0.25 percentage point interest rate cut. 7s
  • The rate cut was expected by financial experts and brought relief to markets. 28s
  • Borrowing costs for consumers, including credit cards and mortgages, will decrease slightly. 39s
  • Small businesses may benefit from the lower rates when seeking loans. 1m 9s
  • The overall impact for the average American is a modest reduction in borrowing costs. 1m 19s
Economy

References

Fed cuts interest rates by 0.25 percentage points
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CBS America
2 hours ago
Fed cuts interest rates by 0.25 percentage points

The Federal Reserve announced a quarter of a percentage point rate cut.

Fed lowers rates by a quarter point
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CNBC
3 hours ago
Fed lowers rates by a quarter point

Federal Reserve cutting interest rates by a quarter point as expected to a new range of four to four and a quarter percent.

Fed likely to make first interest rate cut since 2024
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CBS America
6 hours ago
Fed likely to make first interest rate cut since 2024

The expectation is that there will be a quarter percent cut, rather than the bigger jumbo half point.

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