5 Shocking Insights from the Fed Interest Rate Decision — Jerome Powell’s Bold Move Explained
In a dramatic turn today, the Federal Reserve made headlines worldwide — slashing its benchmark interest rate by 25 basis points, lowering the federal funds range to 3.50%–3.75%. Markets had almost universally priced in the cut, but the real fireworks came during Chairman Jerome Powell’s press conference. Reuters+2Reuters+2 In a highly anticipated move today, the…