50 basis points cut...about what was expected.

[Harpy Eagle]

Federal Reserve cuts interest rates by half-point; first rate reduction in four years

The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal.

www.foxbusiness.com

https://www.cnn.com/business/live-news/federal-reserve-interest-rate-09-18-24/index.html

So, this is what was expected.

The markets are happy about it

 

[citygator]

Prepare for the economy to rocket ship! Where is all the excitement on here?