5 hours Fed: Staying on rate cut path with 25-bps move and political defiance – UOB GroupFXStreet

The Fed in its 6/7 Nov 2024 Federal Open Market Committee (FOMC) meeting, unanimously decided to reduce the target range of its Fed Funds Target Rate (FFTR) by 25-bps to 4.50-4.75%, in line with our and broad market expectations.

Fed · FOMC · Politics

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