Fed cuts interest rates by half a point to counter coronavirus impact, aiming to boost economy

From Google: 2024-09-20 05:28:58

Federal Reserve announced a half-point interest rate cut to counter economic impact of coronavirus. This brings the federal funds rate to range of 1% – 1.25%. This cut is intended to boost confidence in the economy and ease financial conditions, encouraging borrowing and spending. Investors hope to see positive impact on markets.



Read more at Google: Fed goes with half-point interest rate cut. What that means. – USA TODAY