Reported 20 days ago
The Federal Reserve has implemented a substantial half-point rate cut, signaling the end of its tightening cycle and emphasizing the health of the US economy amidst previous inflation challenges. Fed Chair Jerome Powell expressed confidence in the labor market and indicated that proactive measures are now preferred to prevent future economic crises. This strategic shift reinforces the Fed's commitment to adapt its policies in anticipation of economic changes instead of reacting too late.
Source: YAHOO