Federal Reserve Cuts Interest Rates by a Quarter Point, Expects More Reductions This Year
PositiveFinancial Markets

The Federal Reserve has made a significant move by cutting interest rates by a quarter point, bringing the target range to 4%-4.25%. This decision, made by the Federal Open Market Committee with an 11-1 vote, signals a proactive approach to stimulate the economy, especially after holding rates steady for several meetings. With expectations of further reductions later this year, this could lead to more accessible borrowing for consumers and businesses, potentially boosting economic growth.
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