Published On Sep 18, 2024
For the first time since the start of the pandemic, the Federal Reserve Board cut its benchmark interest rate by an unusually large half point.
Financial analysts call the move "aggressive."
It's also a dramatic shift after keeping rates high to tamp down inflation, a policy that made borrowing painfully expensive for consumers like Sabina Correa.
Read more at kjrh.com: https://www.kjrh.com/news/local-news/...
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