In a significant move, the Federal Reserve decided to lower its benchmark interest rate by 50 basis points, bringing it down to a range of 4.75% to 5%. This decision marks a pivotal moment in the central bank’s efforts to combat rising inflation and stabilize the economy.
Key points from the text include:
– The Federal Reserve’s decision to cut the benchmark interest rate by 50 basis points
– The new range for the interest rate is now 4.75% to 5%
– This change in interest rates signifies an important step in the central bank’s strategy to address inflation and support economic stability.
You can read this full article at: https://www.housingwire.com/articles/fed-goes-big-slashing-interest-rates-by-50-bps/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
