Federal Reserve meeting —
At its 7 November 2024 meeting, the Federal Reserve lowered its policy rate from 4.75–5.00% to 4.50–4.75%. The decision passed 12-0.
Decision
cut — 4.75–5.00% to 4.50–4.75%
Vote: 12-0
Key passages
the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/2 to 4-3/4 percent.
In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.
Meeting documents
Background reading
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