Fed Cuts Interest Rates by Quarter Point: What It Means for Your Money
The U.S. Federal Reserve has announced a quarter point interest rate cut, lowering its benchmark federal funds rate to the 4.00%–4.25% range. This marks the first rate cut since December 2022, signaling a shift in policy as the central bank looks to balance slowing growth with stubborn inflation. Officials also hinted that two more cuts … Read more