The Washington Post on Nostr: Fed cuts interest rates by a half-point, more expected this year ========== The ...
Fed cuts interest rates by a half-point, more expected this year
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The Federal Reserve cut interest rates by a half-point on September 18, 2024, marking the first reduction since the pandemic began; the benchmark rate is now between 4.75 and 5 percent; Fed Chair Jerome H. Powell described the U.S. economy as 'strong overall'; the decision aims to alleviate pressure on households and businesses facing high borrowing costs; inflation is easing, and the Fed is under pressure to prevent further slowdown in the job market.
#FederalReserve #InterestRates #Economy #JeromePowell #Inflation #JobMarket #September2024 #FinancialNews #UsEconomy #BorrowingCosts
https://www.washingtonpost.com/business/2024/09/18/fed-meeting-interest-rate-cut-decision-live-fomc/
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The Federal Reserve cut interest rates by a half-point on September 18, 2024, marking the first reduction since the pandemic began; the benchmark rate is now between 4.75 and 5 percent; Fed Chair Jerome H. Powell described the U.S. economy as 'strong overall'; the decision aims to alleviate pressure on households and businesses facing high borrowing costs; inflation is easing, and the Fed is under pressure to prevent further slowdown in the job market.
#FederalReserve #InterestRates #Economy #JeromePowell #Inflation #JobMarket #September2024 #FinancialNews #UsEconomy #BorrowingCosts
https://www.washingtonpost.com/business/2024/09/18/fed-meeting-interest-rate-cut-decision-live-fomc/