Fed Cuts Interest Rates By 0.5%; First Cut In Four Years

Posted by Alison Strauss | Sep 18, 2024 | One America News Network | 0 |

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OAN Staff Alicia Summers
2:10 PM – Wednesday, September 18, 2024

The Federal Reserve cut interest rates by 0.5% for the first time since 2020. This move comes after inflation dropped to 2.5% from 9.1% and follows a revision showing nearly one million fewer jobs added than initially reported. Ed Siddell, CEO & Chief Investment Advisor at EGSI Financial joins Alicia Summers to discuss.