Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight

WJXT News4JAX - September 18, 2024

Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.

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