Breaking News, 9/17/25: Fed Cuts Rates by 25bps
Today, the Fed reduced its benchmark rate by 25 basis points (0.25 percentage points), bringing the federal funds rate range to 4.00% – 4.25%. Background: Federal funds rate is set by the Federal Open Market Committee. It is the rate at which commercial banks borrow and lend their excess reserves to one another overnight. Mortgage …