Fed cuts interest rates a half point in landmark policy shift.
The Federal Reserve has cut interest rates by half a percentage point for the first time since 2020, dialing back a years-long fight against inflation.
This cut is the first step in reducing the cost of borrowing. In theory, lower interest rates help stimulate economic activity and boost employment.
Read more: abcnews.go.com/Business/federal-reserve-expected-cut-interest-rates-time-2020/story?id=113751446
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