Last week the economic world got rocked in the most nerdiest of ways possible: An interest rate cut. The Federal Reserve announced its first interest rate cut in four years Wednesday, one of its most consequential decisions in recent memory How Will Interest Rate Cut Impact Election? Here’s What To Know As Fed Makes First Cut Since 2020, Forbes.com Not only that, the Federal Reserve made a pre-emptive move to cut rates by an outsized 50 bps, rather than the 25 bps most market observers were expecting. This means that the short-term borrowing rate went down from 5.25%-5.5% to 4.75%-5%. Interest rate moves by […]
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