The New York Times on Nostr: What the Fed’s Big Rate Cut Reveals About the Economy ========== The Fed cut ...
What the Fed’s Big Rate Cut Reveals About the Economy
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The Fed cut interest rates by half a percentage point on September 18, 2024; investors reacted positively, with S&P 500 futures rising; Jay Powell stated the economy is strong overall; Fed officials expect the federal funds rate to drop to 3.4% by the end of 2025; Donald Trump criticized the Fed for 'playing politics'; Kamala Harris welcomed the rate cut as beneficial for Americans; a survey indicated 80% of business leaders expect Harris to win the presidency; 23andMe's board resigned amid a disagreement over a take-private offer from co-founder Anne Wojcicki.
#FederalReserve #InterestRates #Economy #2024Elections #DonaldTrump #KamalaHarris #23andme #BusinessLeaders #MarketReaction #Inflation
https://www.nytimes.com/2024/09/19/business/dealbook/fed-rates-soft-landing.html
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The Fed cut interest rates by half a percentage point on September 18, 2024; investors reacted positively, with S&P 500 futures rising; Jay Powell stated the economy is strong overall; Fed officials expect the federal funds rate to drop to 3.4% by the end of 2025; Donald Trump criticized the Fed for 'playing politics'; Kamala Harris welcomed the rate cut as beneficial for Americans; a survey indicated 80% of business leaders expect Harris to win the presidency; 23andMe's board resigned amid a disagreement over a take-private offer from co-founder Anne Wojcicki.
#FederalReserve #InterestRates #Economy #2024Elections #DonaldTrump #KamalaHarris #23andme #BusinessLeaders #MarketReaction #Inflation
https://www.nytimes.com/2024/09/19/business/dealbook/fed-rates-soft-landing.html