Fed cuts interest rates by a half point—the first time since 2020
The Fed had held its policy rate in the 5.25%-5.50% range since July of 2023 as inflation fell from a 40-year high to a level that is now approaching the central bank’s target. Apply to the Most Innovative Companies Awards and be recognized as an organization driving the world forward through innovation. Final deadline: Friday, October 4.
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Emboldened Fed lowers interest rates by half-pointAlthough Biden administration officials initially waived off the increase as “transitory,” prices kept rising, and November ...
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