The Fed slashes interest rates aggressively, the first rate cut since March 2020 09/19/2024 01:42


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DATE: Sept. 19, 2024, 12:42 a.m.

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  1. The Federal Reserve has made a significant move by slashing interest rates for the first time since March 2020. This aggressive rate cut is intended to stimulate economic growth by making borrowing cheaper for businesses and consumers. The decision comes amid growing concerns about inflation and the broader economy’s health. By lowering rates, the Fed hopes to encourage spending and investment, which could help stabilize markets and
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