Federal Reserve cuts key interest rate by a half-point
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.
Federal Reserve cuts key interest rate by a half-point
Wed Sep 18, 6:13pm UTC
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.