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US Federal Reserve Cuts Interest Rates By Half a Point (www.nytimes.com)

submitted 11 months ago by unconfirmedsourcesDOTgov@lemmy.sdf.org to c/economics@lemmy.world

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I was expecting a conservative quarter point reduction, but it seems like the Fed is feeling bullish about inflation and concerned with the labor market, which has cooled much faster than was previously predicted.

What do you think? Will this move come with the positive effects while keeping inflation below 3%?

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[–] dohpaz42@lemmy.world 3 points 11 months ago

Oh I hope this lasts through October so I can refi my home loan. 🤞

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