Fed Cuts Rates by Half Point In Decisive Bid to Defend Economy

Published on September 18, 2024

The move highlights the growing concern among policymakers over the employment landscape.

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Fed Cuts Rates by Half Point in Decisive Bid to Defend Economy

September 18, 2024
The Federal Open Market Committee voted 11 to 1 to lower the federal funds rate to a range of 4.75% to 5%, after holding it for more than a year at its highest level in two decades.

Advisors Focus on Equities, Longer-Term Bonds Amid Fed's Rate Cut

September 18, 2024
Advisors have been instituting these strategies for months as today’s 50bps interest rate cut had been widely anticipated.