Fed cuts by a quarter point, indicates fewer reductions ahead

• The Federal Open Market Committee cut its overnight borrowing rate to a target range of 4.25%-4.5%, back to the level where it was in December 2022.
• “Today was a closer call but we decided it was the right call,” Chair Jerome Powell said.
• The Fed indicated that it probably would only lower twice more in 2025, according to the closely watched “dot plot” matrix of individual members’ future rate expectations.

https://www.cnbc.com/2024/12/18/fed-rate-decision-december-2024-.html