Here are key takeaways from the Federal Reserve’s interest-rate decision on Wednesday:
- Federal Open Market Committee votes to lower the benchmark interest rate by a quarter point to a target range of 4%-4.25%
- “Dot plot” of rate projections shows the median official expected to lower rates by another half percentage point by the end of 2025, and a quarter point in 2026, slightly more than they expected over the same period in June
- Fed Governor Stephen Miran, who joined the board this week, voted against the decision in favor of lowering rates by a half point
- Statement downgrades description of ...