Springfield, MO

Log in Subscribe

Fed cuts rates for first time since 2008

Posted online

The Federal Reserve on Wednesday cut interest rates for the first time since the 2008 recession.

The key rate was slashed by a quarter point to a range of 2% to 2.25%.

A Federal Open Market Committee statement indicated the reduction supports its view that “sustained expansion of economic activity, strong labor market conditions and inflation near the committee’s symmetric 2% objective are the most likely outcomes, but uncertainties about this outlook remain."

Read more from Connect Commercial Real Estate.


No comments on this story |
Please log in to add your comment
Editors' Pick
Springfield’s rental picture marked by complexity

Developers say city needs a variety of housing types to meet demand.

Most Read Poll
What kind of housing does Springfield need more of?


View results

Update cookies preferences