Fed Lowers Rate, Balances Inflation & Jobs

Federal Reserve lowers interest rate to combat job market cooling, acknowledges high consumer costs; rate cut marks shift from restrictive to neutral policy, may slightly lower interest rates for floating-rate debt, but unlikely to significantly impact household goods or housing costs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.