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.
Similar Stories to Fed Cuts Interest Rates By A Half Point—the First Time Since 2020 on Bing News
Reuters, Fast Company
Wed, 09/18/2024 - 3:03pm
BING NEWS:
- Fed cuts rates again, but Trump's tariff plan sparks inflation fears and market uncertainty
The Federal Reserve cut interest rates by 25 basis points. But Trump's tariff proposals raise concerns over inflation and future economic policies.
11/8/2024 - 11:42 pm | View Link - Federal Reserve cuts interest rates, days after election of Trump
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday, setting the latest path for borrowing costs just two days after the victory of President-Elect Donald Trump.
11/7/2024 - 6:43 am | View Link - More
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