Federal reserve cuts interest rates by 0.5%

The Federal Reserve announced it's cutting interest rates for the first time since the beginning of the Covid-19 pandemic. The rates will be reduced by half a percentage point in effort to cushion the economy from a further slowdown.

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#interestrates #economy #federalreserve

[auboisdaline]

Honestly, this situation makes me uncomfortable, especially with the Fed cutting interest rates by 50 basis points. It signals deeper economic concerns, and I'm uncertain about my $130K investment strategy, given the possibility of not just a recession but perhaps even a depression.

[karmakazi]

Thank god this decision isn't something that had to be approved by Congress.

[James-mgoj]

Solid economy for the rich not the working people of America

[hana_moon]

they bought a house with 8% interest???? LOL what are you

[peterdangelo]

Great enjoy milk and bread prices when inflation starts to rise again. Core inflation last month was up. They have not beaten inflation. Enjoy the mess.

[vickycameron]

Corporate greed messed up the people!!! Inflation as in HUUUGE interest rates to buy a home is out of reach and yet rental fees are out of control!!! Nice to squeeze the people.

[Coral-reef.]

ARE SUFFERING MAN. I AM STARTING TO WORRY FOR MY FAMILY. WE DONT NEED A HALF PERCENT CUT, WE NEED HUGE CHANGES

[judewarner]

If the Fed had hiked interest rates sooner to a lesser degree, they would not have had to hike them as high as they did for so long. Now they've started to bring them down too late as well in fear of a potential recession their poor decision-making has created. Anyone who re-finances now at the first sign of a rate reduction will feel very dumb when rates fall again in the months ahead.

Your credit card interest rate is NOT tied to the bank rate: it's whatever the banks think they can get away with. Your best option is to pay more than the minimum repayment... whatever you can afford... and when the balance hits zero, throw those cards away. That's the ONLY way credit card interest rates will ever come down.

[Punisher]

i doubt this will have any effect for middle class Americans.

[WhatIsGoingOnPPL]

Too late. Small businesses will not survive the holiday season.

[zinny]

The 😂inflation is on the right track.

After data manipulation to the core and many of the data being purged. 😅

[James]

You know when they say they low down prices like hotel airlines and everything. That's only because they were forced to lower down the prices because we stop giving them money cuz we did not have enough to give them That's the only reason why the prices went down

[danielstaska]

I knew interest would go down when people don't have money to spend it lowered the inflation and then you get interest rate cuts.

[yarmezhenderson]

WOW THE BIGGER NEWS FROM THE INTEREST THAT, S GOOD IT, S GOING THE RIGHT WAY 😊

[smc]

For the middle class and lower, I believe it will not make a positive difference. Home and auto insurance still high. Electric and water rates still high.
Those won’t be coming down.

[madmick]

GET READY FOR THINGS TO GET MORE EXPENSIVE!! ADDING FUEL TO THE FIRE

[iishyxvietxboyii]

There’s gonna be a lot more rate cuts until 2026.

[michaelshirhall]

Notice they won't show the graph from 2016 to now. They only showed the peak and it coming down a little.

[michaelshirhall]

This will save tens of dollars annually for the average family.

[JackSmith-xvmx]

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