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

- Link: https://www.widthness.com/the-federal-reserve-starts-cutting-interesting-rates-in-a-big-moment-for-the-economy/
- Published: 2024-09-20T09:30:02-05:00
- Author: Curated by John Wysocki

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. […] Click here to view original web page at www.npr.org