Federal Reserve Cuts Interest Rates: What It Means
For the first time in four years, the Federal Reserve has announced an interest rate cut, signaling a major shift in monetary policy aimed at addressing potential economic challenges. The 0.25% rate reduction comes as a response to growing concerns over slowing economic growth and the need to provide financial relief to consumers and businesses alike. Let’s break down the impact, why this matters, and how this compares to historical instances of rate cuts.
September 20, 2024
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