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Federal Reserve

The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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YellenÕ testimony shows dovish approach toward federal funds rate 

Jul 12, 2017By

Wednesday, Federal Reserve Chair Janet Yellen testified before the Housing Financial Services Committee, in which she showed a dovish approach to the Federal Funds rate. In response to her comments, the Dow hit a new high as bond markets rose.

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