The U.S. Federal Reserve delivered a widely expected 25 basis point rate cut on Wednesday, lowering the range on its benchmark fed funds rate by 25 basis points to 3.50% to 3.75%. This marks the third straight quarter point reduction and brings short-term borrowing costs to their lowest level since 2022. “Uncertainty about the economic …
Continue reading U.S. Fed Trims Benchmark Fed Funds Rate Range to 3.50%-3.75%