Home World Data Yesterday, the Fed announced its first rate cut since 2020 [OC]DDataYesterday, the Fed announced its first rate cut since 2020 [OC]September 19, 2024 Yesterday, the Fed announced its first rate cut since 2020 [OC]Posted by USAFacts 4 commentsSource: Federal Reserve Bank of St. LouisTools: Datawrapper, IllustratorYesterday, the Federal Reserve made its first rate cut since March 2020, reducing it by half a percentage point to a target range of 4.75%–5%.The range had been unchanged since July 2023, when it was set at 5.25%–5.50%.See how the interest rate has changed since 2000 [here](https://usafacts.org/state-of-the-union/economy/).“First rate cut in 4 years” sounds extreme until you remember we had like 0% fed rate for 2 years.Suspiciously before the election, craaaazy timing. Whoever wins gets to take the credit.Leave a ReplyYou must be logged in to post a comment.
Yesterday, the Federal Reserve made its first rate cut since March 2020, reducing it by half a percentage point to a target range of 4.75%–5%.The range had been unchanged since July 2023, when it was set at 5.25%–5.50%.See how the interest rate has changed since 2000 [here](https://usafacts.org/state-of-the-union/economy/).
4 comments
Source: Federal Reserve Bank of St. Louis
Tools: Datawrapper, Illustrator
Yesterday, the Federal Reserve made its first rate cut since March 2020, reducing it by half a percentage point to a target range of 4.75%–5%.
The range had been unchanged since July 2023, when it was set at 5.25%–5.50%.
See how the interest rate has changed since 2000 [here](https://usafacts.org/state-of-the-union/economy/).
“First rate cut in 4 years” sounds extreme until you remember we had like 0% fed rate for 2 years.
Suspiciously before the election, craaaazy timing. Whoever wins gets to take the credit.