Emboldened Fed lowers interest rates by half-point

Biztoc.com - 18 Eylül 2024

Emboldened Fed lowers interest rates by half-point

The Federal Reserve cut interest rates by 50 basis points Wednesday, the central bank’s first rate reduction following a two-and-a-half year crusade against inflation that raged in the wake of the pandemic. The new federal funds rate is 4.75 percent to 5 perc…

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