Key Takeaways
- The Federal Reserve has cut interest rates by 25 basis points (0.25%).
- This move lowers the federal funds rate by a quarter percentage point from its previous level.
The Federal Reserve cut interest rates by 25 basis points today.
The central bank’s decision reduces the federal funds rate by a quarter percentage point from its previous level.
Source: https://cryptobriefing.com/federal-reserve-25-basis-point-interest-rate-cut/