Fed Lowering Interest Rates 2020

Fed Lowering Interest Rates 2020. The federal reserve cut its key interest rate by 50 basis points, reducing borrowing costs for the first time since 2020. The federal reserve on wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease.

It’s a process that takes some time, said powell, who spoke in a press conference following the fed’s decision to reduce its benchmark overnight interest rate to the 4.50%. The fed plans to reduce interest rates further in the coming months,.