Fed-letter day: at last, a rate cut
The Intelligence from The Economist
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Fed's Bold Rate Cut and Labor Market Insights
This chapter explores the Federal Reserve's recent decision to cut interest rates by half a percentage point, the first such move since the pandemic. It delves into the implications of this decision for the labor market and the U.S. economy, highlighting internal debates within the Fed and the balance needed between controlling inflation and maintaining employment stability.
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