The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings
The Fed began easing in September 2024 with a half-point cut after holding rates at 5.25 to 5.5 percent for 14 months, then made two further cuts that year. It paused through most of 2025, slowed balance-sheet runoff in March, resumed cutting in September, and reached a 3.5 to 3.75 percent target range in December 2025; that range has held through five 2026 meetings.
31 dated entries · 32 sources · updated Sep 9, 2026
