FEDERAL RESERVE CUTS KEY RATE FOR FIRST TIME THIS YEAR
https://s.yimg.com/ny/api/res/1.2/7eTP5ZxVhP0E6qH5tcFRuw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/ap_finance_articles_694/9e5f3215180264ac3162da195bd3705d
✍️ The Federal Reserve cut its key interest rate by a quarter-point, citing concerns about the health of the nation's labor market, and projected two more cuts this year.
👉 The Fed cut its key interest rate by a quarter-point to 4.1% 👉 The rate is expected to be cut twice more this year 👉 The decision was driven by concerns about the labor market 👉 The unemployment rate has ticked higher and hiring has grounded nearly to a halt 👉 Lower interest rates could reduce borrowing costs and boost growth and hiring
-- #JeromePowell #MattLuzzetti #StephenMiran #LisaCook #DonaldTrump #AlexVeiga #Washington #LosAngeles #business
Loading quoted post…
