19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 15 min ago
- Bias Distribution
- 100% Right
The US Federal Reserve has cut its key lending rate by 50 basis points, marking the first reduction since 2020 and a response to easing inflation and a weakening labor market. This cut aims to lower borrowing costs and stimulate the economy ahead of the upcoming presidential election, with potential further cuts anticipated in 2024. Fed Chair Jerome Powell emphasized the decision reflects confidence in achieving inflation targets while maintaining employment levels, despite some criticism regarding the timing of the cut. Major US stock indices fell following the announcement, indicating market uncertainty about the implications of the rate change. Economists remain divided on the impact of this bolder move, considering the risks of reigniting inflation. The Fed's decision follows a series of 11 rate hikes initiated in March 2022 to combat high inflation, bringing rates to their highest level in over two decades.
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 15 min ago
- Bias Distribution
- 100% Right
19Negative
Serious
Neutral
Optimistic
Positive
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