U.S. Federal Reserve has reduced interest rates by 25 basis points (0.25%), bringing them down to a range of 4.25% to 4.50%. This marks a total of 100 basis points in cuts for 2024. Cleveland Fed President Beth Hammack disagreed with the decision. The Fed’s median forecast expects 50 basis points of cuts in 2025. … Continue reading Fed Cuts Interest Rates by 25 Basis Points, Signals Cautious Approach on Future Rate Hikes