What does the Federal Reserve's first interest rate cut in four years mean
On the 18th local time, the Federal Reserve announced a 50 basis point reduction in its benchmark interest rate target range to 4.75% -5%, marking the first rate cut since March 2020. During these four years, the Federal Reserve raised interest rates a total of 11 times, with the benchmark rate continuously increasing from 0% -0.25%… Read More »What does the Federal Reserve's first interest rate cut in four years mean