US Federal Reserve Cuts Interest Rates By Half a Point
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Fed Cuts Interest Rates by Half a Percentage Point: Live Updates
https://www.nytimes.com/live/2024/09/18/business/fed-interest-rates
The Federal Reserve lowered interest rates by half a percentage point, its first cut to borrowing costs since 2020. The Fed chair, Jerome Powell, will take questions from reporters soon.
I was expecting a conservative quarter point reduction, but it seems like the Fed is feeling bullish about inflation and concerned with the labor market, which has cooled much faster than was previously predicted.
What do you think? Will this move come with the positive effects while keeping inflation below 3%?