Reported 20 days ago
The Federal Reserve has reduced interest rates by half a percentage point, with plans for two more cuts later this year and four in 2025. This marks the Fed's first easing of monetary policy since 2020 and ends its aggressive inflation-fighting measures from the 1980s. Despite a split vote, Fed Chair Jerome Powell expressed broad support for the decision, noting improvements in inflation, while acknowledging the need to monitor the slowing job market.
Source: YAHOO