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

WSB Atlanta - 18 september 2024

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

The Federal Reserve on Wednesday 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 American consumers.

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