Federal Reserve cuts interest rates to combat weakening labor market, aiming to stimulate economic activity

From Google: 2024-09-19 11:32:27

The Federal Reserve has implemented a massive interest-rate cut in response to a weakening labor market. This move comes as a precautionary step to address potential economic slowdown due to the ongoing pandemic. The decision was made to stabilize the economy and ensure liquidity in financial markets. This action aims to support businesses and consumers during these uncertain times. The interest-rate cut is expected to provide relief and stimulate economic activity.



Read more at Google: Fed institutes mega interest-rate cut as labor market cools – Fortune