Federal Reserve cuts interest rates by half a percentage point

The Fed cut interest rates today for the first time in four years in an effort to boost the economy and curb a slowdown in the labor market. NBC News' Christine Romans reports on what it means for your family's budget.

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[williamshaw]

Desperation as the economy collapses.

Time to tax the rich and slash military spending.

[leeedens]

Note, she said only 176 dollars went to principal last month while 2k+ went to interest, taxes, and insurance, finally, people are starting to pay attention to where their money is going

[JackSmith-xvmx]

The US economy is likely to decline, and the Federal Reserve has not withstood the pressure

[haadbajwa]

This is the rate at which banks borrow money from fed. Now it stand at 5% still very high! 😮

[Nicolechrist]

They realized Americans can't Pay their Bill's. Every thing is too f**king Expensive 😅

[luckyg]

VOTE Trump 🗳 2024 2028..It's time for change. 😊

[fahadsiddiqui]

There's fiscal policy, monetary policy, and jerome powell's "LEEROY JENKINS" policy

[KeithMoore-tkrh]

Hare Krishna Hare Krishna
Krishna Krishna
Hare Hare
Hare Rama
Hare Rama
Rama Rama
Hare Hare

[iMatti]

🧠 ~ There’s going to be some people who don’t understand what critical thinking is who claim the interest rates being lowered is about the election. But these interest rates are going to take five or six months to trickle down to most Americans, so if this was about the election it would’ve been done five or six months earlier. But unfortunately some people don’t understand how the economy works or how most things work yet they are convinced they do. But I do have some sympathy for them because too many people turn to propagandists who outright lie because anger and fear drive viewership and money.

And even look up how many YouTube “medium“ guys on the right wing took as much as $100, 000 per video to support Russia by speaking against the Ukrainian war. For one freaking video. Now that is for an interference but you don’t think there are billionaires doing the exact same thing legally on other topics in this country? YouTube viewership averages out to be about half of 1¢ per view. Do you think that is what pays the bills for these multi millionaires? Or do you think it’s money coming from other areas?

P.S. anyone remember when the last administration publicly bullied the Fed into doing what he wanted regarding interest rates when he was an office? Or is that not covered by the right wing media? And by the way, by him wanting to manipulate the interest rate for his own benefit so the economy would be better under him, also makes inflation worse later on. That’s exactly why you don’t have sself interested politicians controlling the interest rate.o