The Fed 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.

The Federal Reserve

Fed cuts interest rates quarter of a point after Trump election victory https://t.co/UmfMISyL2d pic.twitter.com/S4UdrbOeSk

— New York Post (@nypost) November 7, 2024