Fed cuts interest rates by 0.50%

Via The NY Times, Claudia Sahm on the Sahm Rule and the Federal Reserve’s 50 basis point rate cut.#economy #markets #federalreserve @nytimes pic.twitter.com/4NmSPyoijQ — Mohamed A. El-Erian (@elerianm) September 22, 2024 On Wednesday, the Federal Reserve announced cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years. This move…