Instant Gold Hit Tp1 target 25+pips done! 🫡 Now's the moment to commandeer those profits with unwavering strength. Seize it like the powerful maestro of the market that you are! The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to its Thursday statement. That brings down the federal funds rate — the interest rate banks charge each other for borrowing money — to a range of 4.5% to 4.75% from its current 4.75% to 5% level.