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Fed Lowers Interest Rates by Half-Point to Ease Economic Strain
Summary: The Federal Reserve has cut interest rates by half a percentage point, marking its first reduction since 2020. This decision is aimed at easing borrowing costs for households and businesses dealing with high rates. The central bank's move lowers the benchmark rate to between 4.75% and 5%. This proactive approach is intended to relieve economic ...
The Federal Reserve has cut interest rates by half a percentage point, marking its first reduction since 2020. This decision is aimed at easing borrowing costs for households and businesses dealing with high rates. The central bank's move lowers the benchmark rate to between 4.75% and 5%. This proactive approach is intended to relieve economic pressure and prevent further slowing of the job market. Fed Chair Jerome Powell is expected to provide more details on the economy at a news conference later today.
Tags: Federal Reserve,Interest Rates,Jerome Powell
Link: Fed Lowers Interest Rates by Half-Point to Ease Economic Strain [Copy]
