The Federal Reserve (Fed) has made a surprise decision to aggressively cut interest rates by 0.50 percentage points, double the usual rate cut. This move is in response to rising inflation and is seen as an attempt to not fall behind in addressing economic realities. The decision was unexpected, as market odds had supported a smaller rate cut. The Fed's decision has caused speculation about whether they were pressured into a larger cut and whether it was intended to present a stable economy before the November elections. It is worth noting that the decision was not unanimous, raising concerns.
- Content Editor ( cryptopolitan.com )
- 2024-09-21
Was the Fed pressured into a larger rate cut? Something doesn’t add up