The Federal Reserve decided Wednesday to lower its benchmark interest rate by one-quarter of a percentage point. In a news release, the Fed said that the new target rate will be 4 to 4.25 percent. The Federal Open Market Committee's vote was 11 to 1 in favor of the cut....
The Federal Reserve decided Wednesday to lower its benchmark interest rate by one-quarter of a percentage point. In a news release, the Fed said that the new target rate will be 4 to 4.25 percent. The Federal Open Market Committee’s vote was 11 to 1 in favor of the cut….
