Opinion
The Fed’s Big Rate Cut Wasn’t Political. It Was an Economic No-Brainer.
But while the Fed’s action will surely have political consequences, it wasn’t a political decision. The straight economic case for a rate cut was overwhelming; the case for a big cut was very strong. Not cutting would have been political. And the Fed didn’t let itself be bullied into inaction.
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.
The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto ...
The Federal Reserve just cut interest rates by 50 basis points, citing cooling inflation and signs of economic slowdown. This ...
The Dow Jones Industrial Average will likely remain in focus on Friday after setting a new record high today above 42,000, ...
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