Fed Quietly Cuts Interest Rates Banks Pay for Emergency Cash
Published Date: 1/15/2025
Rule
Summary
Starting January 15, 2025, the Federal Reserve lowered the interest rates it charges banks for short-term loans. The main rate dropped from 4.75% to 4.50%, and the backup rate fell from 5.25% to 5.00%. This change helps banks borrow money a bit cheaper, affecting how they manage cash and support the economy.
No Economic Impacts Identified for this Document
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