News@lemmy.worldEnglish · 11 hours ago

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

apnews.com

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

apnews.com

Joker@sh.itjust.works to

News@lemmy.worldEnglish · 11 hours ago

The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.

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3 hours ago
Inflation is down to 2.4%. We are fairly close to the Fed’s target of 2%.

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