What does a 0.50% decrease in Interest Rate Mean for the U.S
By Xhaxany Cuellar, Editor in Chief The Federal Reserve lowered its benchmark interest rates Friday, Sept.18 by 0.50% as it shifted from fighting inflation with a tightening policy to promoting spending with an expansionary monetary policy. The intent of the policy shift is the hope that households and businesses will respond by borrowing more to purchase capital goods or invest in their businesses. This is the first rate cut in four years, bringing the federal interest rate into a new range of...
Read Full Story
