Fed signals end to inflation fight with a sizable halfpoint rate cut - Peer2Peer

Syracuse Com Acc

Fed signals end to inflation fight with a sizable halfpoint rate cut

Sep 19, 2024

WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.

https://www.syracuse.com/us-news/2024/09/fed-signals-end-to-inflation-fight-with-a-sizable-half-point-rate-cut.html

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