Federal Reserve signals end to inflation fight with a sizable half-point rate cut
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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.
Author: News4JAX The Local Station
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News post in at: September 19, 2024, 4:03 am.
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