#Fed cuts interest rates by a half-point
The #FederalReserve cut #InterestRates for the first time since the beginning of the pandemic, lowering borrowing costs by a half-point in a move that should bring #relief to households & businesses straining under elevated rates. The more aggressive approach suggests officials are proactively trying to ease pressure off the #economy & keep the #JobMarket from slowing any further. The benchmark rate now sits between 4.75 & 5%.
https://www.washingtonpost.com/business/2024/09/18/fed-meeting-interest-rate-cut-decision-live-fomc/
Nonilex /
npub1z6…dqah3
2024-09-18 18:04:10
Author Public Key
npub1z6yad6ztjsvfu5zrhtawa96wte5kk3mj7g8e4uaj0qx9yf373uqsedqah3Published at
2024-09-18 18:04:10Event JSON
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