Fed, Powell and cut rates
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The US Federal Reserve has cut interest rates for the first time in nine months, reducing the short-term rate to around 4.1%. This decision, influenced by slow progress on inflation and a weakening job market,
The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged, as policymakers decided to hold rates steady amid elevated economic uncertainty as they continue to monitor inflationary pressures and labor market data.
The recently named president and CEO of the Federal Reserve Bank – Philadelphia was in Atlantic City on Thursday, to tour Atlantic Cape Community College’s Health Professionals Institute and learn about training for emergency medical technicians (EMTs),