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Fed Lowers Again; Fed Funds Target is Now 3.50% to 3.75%
"The Federal Reserve under Fed Chairman Jerome Powell has lowered interest rates by 25 basis points for the third time since September. The Fed funds rate following the December meeting now stands at a target of 3.50% to 3.75%. There were three dissents to today's quarter point cut. Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeff Schmid did not want the Fed to cut. Steven Miran also dissented, wanting a 50 basis point cut. The Fed stated "
"The Federal Reserve under Fed Chairman Jerome Powell has lowered interest rates by 25 basis points for the third time since September. The Fed funds rate following the December meeting now stands at a target of 3.50% to 3.75%. There were three dissents to today's quarter point cut. Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeff Schmid did not want the Fed to cut. Steven Miran also dissented, wanting a 50 basis point cut. The Fed stated "
Fed Lowers Fed Funds Rate By 0.25% to A 3.75%/4.00% Target At October 2026 Meeting
"The Federal Reserve has lowered interest rates by 25 basis points at its October meeting. Its new rate target is 3.75% to 4.00%. The cut follows a 25 basis point cut in September. The decision has two dissents, with one member arguing for no cut and one member arguing for a 50 basis point cut. The Fed statement indicates that job gains have moderated and inflation has moved up. We seem to be entering a stagflationary environmment where anything that the Fed does risks "
"The Federal Reserve has lowered interest rates by 25 basis points at its October meeting. Its new rate target is 3.75% to 4.00%. The cut follows a 25 basis point cut in September. The decision has two dissents, with one member arguing for no cut and one member arguing for a 50 basis point cut. The Fed statement indicates that job gains have moderated and inflation has moved up. We seem to be entering a stagflationary environmment where anything that the Fed does risks "
