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Interest rates and inflation

The latest news on these key rates and how they could affect investors and consumers.

September 18, 2024

September Federal Reserve rate announcement key takeaways

The FOMC reduced the federal funds rate by 50 basis points to 4.75% – 5.00% and left the door open for further rate cuts at upcoming FOMC meetings.

Wells Fargo Investment Institute, Inc. is a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank N.A., a bank affiliate of Wells Fargo & Company.