Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

apnews.com

Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

apnews.com

RION [she/her]@hexbear.net to

news@hexbear.netEnglish · 10 months ago

Federal Reserve cuts key rate for first time this year

apnews.com

The Federal Reserve cut its key interest rate by a quarter-point and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market.

I know it’s nonsensical but my immediate thought is disappointment at “number go down” on HYSAs and VBIL

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