Fed Makes Aggressive Interest Rate Cut

The Federal Reserve (Fed) has turned expectations into a reality, making its first interest rate cuts since the start of the pandemic.  Against the backdrop of a cooling job market and cooling inflation, all Fed officials opted to lower the federal funds rates by half a percentage point—50 basis points—to 4.75% to 5%, making a…

The post Fed Makes Aggressive Interest Rate Cut appeared first on RISMedia.

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