Federal Reserve board votes to cut interest rates


fed reserve worthy us news(Worthy News) – The Federal Reserve cut rates by a quarter point Wednesday in a widely expected move aimed at staving off a slowing economy and fears of a recession.

It was the third rate cut in a row for the monetary policy committee, bringing the target for short-term interest rates to a range of 1.5% to 1.75%.

Two Fed officials, Kansas City Fed President Esther George and Boston Fed President Eric Rosengren, voted against the rate cut and would have maintained the target range set in September. [ Source: Washington Examiner (Read More…) ]

14
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Treasury Blocks Nearly $100 Million in Federal Payments to Deceased People
Republicans Advance Bill to Make Trump Border Policy Permanent
Feds Freeze $1B to California, Minnesota Medicaid
Lebanese President Pledges Permanent End to Hostilities With Israel
Trump Says U.S. May Strike Iran’s Fortified Pickaxe Mountain Nuclear Site ‘Pretty Soon’
China, Philippines Trade Blame After Violent South China Sea Clash
Iran Strikes Kuwait’s Power and Desalination Plants for Fourth Consecutive Day
Israeli Intelligence: Iran Moved Thousands of Centrifuges Into Deep Mountain Tunnels
Trump Urges House Republicans to Unite Behind SAVE America Act Budget Strategy
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News