https://www.siliconvalley.com/2024/09/19/is-inflation-cured-feds-giant-rate-cut-turns-focus-to-cooling-job-market/

The Federal Reserve wants you to think inflation is largely cured, so it can go tinker with a soft job market.

The central bank on Wednesday, Sept. 18, trimmed its target for its Federal Funds rate by a half-percentage-point to 4.74% to 5%, its first cut in four years. This is no minor policy tweak. Since 2000, rate cuts of this size were previously made during the pandemic lockdowns in 2020, the global financial collapse of 2007-08, and the dot-com crash of 2001-02.