Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

Biztoc.com - 18 September 2024

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. With both the jobs pictu…

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