5-Year Anniversary of Fed Rate Cuts

The FedFOXBusiness

Today is the five year anniversary of the Federal Reserve’s zero-interest-rate-policy.

“It was on December 16, 2008, at the conclusion of a two-day policy meeting, that the FOMC cut the Fed’s benchmark overnight lending rate from 1.0% to a range of 0% to 0.25% in a bid to shore up a rapidly contracting economy,” notes FOX Business senior editor Charlie Brady.

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A five-year stretch of no rate hikes is unprecedented.

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