Fed Cuts Interest Rates by 0.25%: What It Means for the Economy and Your Finances
The Federal Reserve recently lowered its key interest rate by 0.25 percentage points, marking the third consecutive cut. The new target range for overnight borrowing is now between 4.25% and 4.5%. Despite this reduction, the Fed remains cautious about future cuts due to ongoing inflation and solid economic growth. Chair Jerome Powell emphasized the need ...
