Federal Reserve cuts interest rate by 50 basis points, signalling end to inflation fight

Biztoc.com - 18 Eylül 2024

Federal Reserve cuts interest rate by 50 basis points, signalling end to inflation fight

WASHINGTON — 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 helped tame inflation but that also made borrowing painfully expensive for American consum…

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