The Federal Reserve starts cutting interest rates in a big moment for the economy

The Federal Reserve moved aggressively Wednesday to start cutting interest rates as easing inflation fears gives way to concern about the job market.

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Sep 18, 2024 - 17:59
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The Federal Reserve starts cutting interest rates in a big moment for the economy
The Federal Reserve began cutting interest rates Wednesday, signaling a turning point in the long-running battle against inflation.

The Federal Reserve moved aggressively Wednesday to start cutting interest rates as easing inflation fears gives way to concern about the job market.

(Image credit: Win McNamee)

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