This chapter examines the Federal Reserve's decision to lower interest rates and its potential to alleviate financial burdens for consumers while stimulating economic growth. It focuses on how these changes can enhance access to financing for small businesses, crucial players in the U.S. economy.
The Federal Reserve announced a highly anticipated rate cut of half a percentage point today — larger than many watchers anticipated. Which industries and companies will feel this interest rate cut the most, and what will it mean for everyday consumers?
Bloomberg’s Enda Curran joins host Sarah Holder to talk about what effects we can expect to see as the rate cut ripples through the US economy and the world — and hits our wallets.
Read more: Rent Is the Stubborn Part of the Inflation Story
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