The Federal Reserve's decision to cut interest rates by half a point marks a significant shift in monetary policy, emphasizing that inflation has been controlled.
As the Federal Reserve reduces rates, the cost of borrowing will lower, potentially revitalizing the housing market as mortgage rates trend downward.
The larger-than-expected half-point rate cut not only signals the Fed’s confidence in controlling inflation but also aims to stave off a recession and economic hardship.
This first cut in four years shows the Fed’s pivot in priorities, moving from dominating inflation to supporting economic growth and employment.
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