Another Meeting, Another Cut

Fed officials cut the fed funds rate by a quarter-point Wednesday, bringing it to its lowest level since February 2023.

Prior to December 2008, the Federal Reserve specified a singular target rate. Since then, it has presented the federal funds rate as a 0.25% target range. The blue segments represent the high and low ends of the target range.
Chart: Investopedia / Diccon Hyatt, Sabrina Karl Source: Federal Reserve
Investopedia