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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Fed Expands Loan Facilities; Banks Establish $70 Billion Fund 

Sep 15, 2008By

Updating an earlier email subscriber exclusive sent out last Friday, ten banks said Monday that they’ve established a $70 billion borrowing facility to bolster liquidity among a battered financial market in the wake of the failure of Lehman Brothers Holdings Inc. [stock LEH][/stock] and the sale of Merrill Lynch & Co. [stock MER][/stock] to Bank of America Corp. [stock BAC][/stock].

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