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

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Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. With both the jobs picture and inflation softening, the central bank’s Federal Open Market […] The post Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years appeared first on NY Times News Today.

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