Federal Reserve

The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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Federal Reserve Bails Out Ailing Citigroup 

Nov 24, 2008By

The U.S. Treasury Department, Federal Reserve and the Federal Deposit Insurance Corp. have entered an agreement to bail out troubled Citigroup Inc. [stock C][/stock] with “a package of guarantees, liquidity access, and capital,” according to a joint statement late Sunday. “The U.S. government is committed to supporting financial market stability, which is a prerequisite to restoring vigorous economic growth,” the statement read.

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