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Fed cuts interest rates a half point in landmark policy shift
Posted
September 18, 2024
Views
28,199
Likes
292
Comments
266
Engagement
1.98%
September 18, 2024
28,199
292
266
1.98%
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3:07Now PlayingThe Federal Reserve has cut interest rates by half a percentage point for the first time since 2020, dialing back a years-long fight against inflation.
This cut is the first step in reducing the cost of borrowing. In theory, lower interest rates help stimulate economic activity and boost employment.
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