Fed Cuts Rate By 25 Basis Points
The key borrowing rate has now come down to the 4% to 4.25% range, in line with market expectations.
The Federal Reserve on Wednesday cut the key borrowing rate by 25 basis points, bringing down the federal funds rate to the 4% to 4.25% range, in line with market expectations.
This is the first rate cut announced by the Fed in 2025. The rate reduction comes at a time when inflation hasn’t shown any signs of a significant rise. On Tuesday, President Trump stated that while the Fed should be independent, it should also listen to “smart people” like himself.
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Also See: Mortgage Refinancing Demand Sees A Sharp Increase As Interest Rates Drop: Report
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