BREAKING : Federal Reserve made a bold move, cutting interest rates by 50 basis points

Mario Nawfal

@MarioNawfal
🚨🇺🇸BREAKING: FED SLASHES INTEREST RATES BY 50 BPS IN FIRST CUT SINCE 2020

The Federal Reserve made a bold move Wednesday, cutting interest rates by 50 basis points.

This significant reduction marks the first rate cut since March 2020, paving the way for lower borrowing costs on mortgages and credit cards, as the Fed shifts from its aggressive inflation battle.

Source: CNN

POWELL: HALF-POINT RATE CUT MARKS CONFIDENCE IN SUSTAINED ECONOMIC STRENGTH

“We’re committed to maintaining our economy’s strength by supporting maximum employment and returning inflation to our 2% goal.

Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by a half percentage point.”

Source: CNBC