Widthness LLC

Advanced Business and Technology – Intel® Xeon® and A.I. Powered

The Federal Reserve starts cutting interesting rates in a big moment for the economy

1 min read
The Federal Reserve starts cutting interesting rates in a big moment for the economy

Image caption: The Federal Reserve began cutting interest rates Wednesday, signaling a turning point in the long-running battle against inflation. Image credit: Win McNamee / Getty Images North America. Article by Scott Horsley. NPR – September 18, 2024. 

The Federal Reserve moved aggressively Wednesday to start cutting interest rates as its single-minded focus on fighting inflation gives way to a growing interest in protecting the job market. The central bank lowered its benchmark interest rate by half a percentage point, which will make it cheaper to get a car loan, finance a business or carry a balance on your credit card. […]

The owner of this website has made a commitment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.