December 23, 2024

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

 Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.