US Fed expected to announce its first interest rate cut since 2020

Posted on September 15, 2024
By Business News Today
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US Fed expected to announce its first interest rate cut since 2020

The Federal Reserve is set to announce its first interest rate cut in over four years, just weeks before the US presidential election. With inflation easing and the labor market cooling, policymakers are debating a 25 or 50 basis point cut. The decision aims to balance economic stability and growth.