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Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December (www.cbsnews.com)

submitted 9 months ago* (last edited 9 months ago) by cm0002@piefed.world to c/usa@midwest.social

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[–] reddig33@lemmy.world 4 points 9 months ago (1 children)

“Central banks, such as the U.S. Federal Reserve (Fed), often raise interest rates to cool things down when inflation heats up.”

These people are living in a fantasy world where lowering rates is somehow going to make inflation/stagflation better? Seems like some sort of compromise from the Fed to get Trump (who wants to borrow money) off their back. Newsflash: Trump is not going to stop.

https://www.investopedia.com/ask/answers/12/inflation-interest-rate-relationship.asp

[–] Runaway@lemmy.zip 2 points 9 months ago

No it won't but right now they are probably recognizing that the economy is teetering on the edge and want to try and give it a boost. I think it's a futile effort but that is prob the reasoning