US Federal Reserve signals end to inflation fight with unusually large half-point rate cut
Millennium Post Delhi|Delhi 20 September 2024
The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.

The rate cut, the Fed's first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing. Coming just weeks before the presidential election, the Fed's move also has the potential to scramble the economic landscape just as Americans prepare to vote.

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Diese Geschichte stammt aus der Delhi 20 September 2024-Ausgabe von Millennium Post Delhi.

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