United States | News & Politics

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submitted 9 months ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] Viking_Hippie@lemmy.dbzer0.com 18 points 9 months ago (2 children)

The temporary statue was unveiled just hours before the Federal Reserve's interest rate decision was announced

WHAT decision? Way to drop the ball on the only potentially important bit of news mentioned, CNN! 🤦

[–] adhocfungus@midwest.social 7 points 9 months ago

That's what I wanted to know too. My emergency fund is all in T-bills since the pandemic started.

It looks like they dropped it a quarter of a percent, so now it's roughly 4%.

[–] Drusas@fedia.io 6 points 9 months ago (1 children)

They reduced interest rates by a quarter of a percent.

[–] theneverfox@pawb.social 6 points 9 months ago

And the dollar instantly fell 1/3 of a percent

These little percentages become huge when you multiply them by tens of trillions