https://www.siliconvalley.com/2024/09/18/federal-reserve-cuts-key-interest-rate-by-a-half-point/

Washington (CNN) — The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020.

The bold, but not unexpected, half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards.