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Fed’s Major Rate Cut Could Boost Harris’ Momentum - Black Podcasting
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Society & Culture

Fed’s Major Rate Cut Could Boost Harris’ Momentum

podcast September 19, 2024

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The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards. It marks a crucial milestone for the central bank’s historic inflation fight, which kept rates at a bruising 23-year high for more than a year.

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