The Federal Reserve has cut its benchmark interest rate by half a percentage point to a range of 4.75% to 5%, signaling that central bankers believe they have won their battle against inflation and are now focusing on keeping unemployment low.
The Federal Reserve has cut its benchmark interest rate by half a percentage point to a range of 4.75% to 5%, signaling that central bankers believe they have won their battle against inflation and are now focusing on keeping unemployment low.