Federal Reserve is set to cut interest rates for the first time in 4 years
- The Federal Reserve is set to cut its benchmark interest rate for the first time in over four years, aiming to reduce borrowing costs for consumers and businesses before the presidential election.
- Analysts anticipate a typical quarter-point rate cut as inflation remains slightly above target, with Fed officials focusing on the job market and a 'soft landing.'
- Chair Jerome Powell expressed confidence in a speech that inflation has largely been tamed, signaling further rate cuts may continue into 2025.
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Coverage Details
Total News Sources0
Leaning Left43Leaning Right19Center68Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 33%
C 52%
15%
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