this post was submitted on 18 Sep 2024
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Economics

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US Federal Reserve Cuts Interest Rates By Half a Point (www.nytimes.com)
submitted 3 months ago by [email protected] to c/economics
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I was expecting a conservative quarter point reduction, but it seems like the Fed is feeling bullish about inflation and concerned with the labor market, which has cooled much faster than was previously predicted.

What do you think? Will this move come with the positive effects while keeping inflation below 3%?

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[–] [email protected] 9 points 3 months ago

Fed is confident the crushed wage growth and haven't hurt companies too bad in the process so they can free up the money again.