Podknife - Fed’s Major Rate Cut Could Boost Harris’ Momentum by Cuomo Prime Time

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Fed’s Major Rate Cut Could Boost Harris’ Momentum

Podcast |: Cuomo Prime Time
Publisher |: CNN
Media Type |: audio
Podknife tags |: Interview,; News & Politics,; USA
Categories Via RSS |: News
Publication Date |: Sep 19, 2024
Episode Duration |: 00:48:48

The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards. It marks a crucial milestone for the central bank’s historic inflation fight, which kept rates at a bruising 23-year high for more than a year. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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