The Fed Raises the Stakes and Cuts by 50 Basis Points

September FOMC Meeting

Date:

Autor: Funds Society, Miami

The monetary authority announced the half-percentage-point cut, thus beginning an easing policy it hadn't implemented since the early days of the pandemic

FOMC members said that when considering further adjustments to the target range for the federal funds rate, “the Committee will carefully assess incoming data, the evolution of the outlook, and the balance of risks”