Instant View: Fed lowers rates by a quarter of a point; Powell says was a risk management cut
PositiveFinancial Markets

The Federal Reserve has decided to lower interest rates by a quarter of a point, a move that Chairman Jerome Powell describes as a risk management strategy. This decision is significant as it aims to support economic growth amid uncertainties, making borrowing cheaper for consumers and businesses. Lower rates can stimulate spending and investment, which is crucial for maintaining economic momentum.
— Curated by the World Pulse Now AI Editorial System