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Congressional Research Service Issues Insight White Paper on E Federal Reserve Reducing Interest Rates
September 24, 2024
WASHINGTON, Sept. 24 -- The Congressional Research Service issued the following Insight white paper (No. IN12427) on Sept. 23, 2024, by macroeconomic policy specialist Marc Labonte.

Here are excerpts:

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Why Is the Federal Reserve Reducing Interest Rates?

On September 18, 2024, the Federal Reserve (Fed) reduced interest rates to a target range of 4.75%-5%. This was the first rate cut since March 2020, and the Fed expects to continue cutting . . .

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