This chapter explores the Federal Open Market Committee's decision to reduce the policy interest rate by half a percentage point. It delves into the surrounding factors that influenced this choice and the potential consequences for the economy and various sectors.
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.