Comment on Fed cuts interest rates by a half point—the first time since 2020

Fed cuts interest rates by a half point—the first time since 2020

The size of the initial cut will likely raise questions about the Fed’s strategy. The Federal Reserve cut interest rates by half a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market.

 

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