Why Did The Fed Cut Interest Rates In 2024. Fed officials lowered interest rates because they are confident that inflation is coming back down to their 2 percent goal, and now they want to prevent the job market from softening further. Data crunched by the st.
Fed officials lowered interest rates because they are confident that inflation is coming back down to their 2 percent goal, and now they want to prevent the job market from softening further. The federal reserve on wednesday cut interest rates by a half point, a bold move that it said was possible because it believes inflation is under control.
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