Federal Reserve slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
- The Federal Reserve has cut its benchmark interest rate by half a percentage point, the first reduction in four years, indicating a shift in economic policies.
- The new interest rate is now between 4.75% and 5% amid concerns that the U.S. Economy may be weakening.
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Leaning Left38Leaning Right33Center61Last UpdatedBias Distribution46% Center