After Nine Months on Pause, the Federal Reserve Lowers Target Interest Rate

On September 17, the Federal Open Market Committee (FOMC) cut its key interest rate by 0.25% (25 basis points or bps) to 4.00-4.25%.

On September 17, the Federal Open Market Committee (FOMC) cut its key interest rate by 0.25% (25 basis points or bps) to 4.00-4.25%.