Federal Reserve issues FOMC statement: the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent.

Federal Reserve

BREAKING: Federal Reserve cuts interest rates by a quarter of a percentage, delivering relief for borrowers at last meeting before Trump takes office. https://t.co/OgkwlMtcoD

— ABC News (@ABC) December 18, 2024