Fed Announces Big Rate Cut
www.nytimes.com
“We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.

I was expecting a conservative quarter point reduction, but it seems like the Fed is feeling bullish about inflation and concerned with the labor market, which has cooled much faster than was previously predicted.

What do you think? Will this move come with the positive effects while keeping inflation below 3%?

  • ryathal@sh.itjust.works
    9·
    3 months ago

    Fed is confident the crushed wage growth and haven’t hurt companies too bad in the process so they can free up the money again.