OAN Staff&nbsp;<a href="https://www.oann.com/tag/alicia-summers">Alicia Summers</a> 2:10 PM – Wednesday, September 18, 2024
The Federal Reserve cut interest rates by 0.5% for the first time since 2020. This move comes after inflation dropped to 2.5% from 9.1% and follows a revision showing nearly one million fewer jobs added than initially reported. Ed Siddell, CEO &amp; Chief Investment Advisor at EGSI Financial joins Alicia Summers to discuss.
<figure class="wp-block-video"><video autoplay="" controls="" loop="" poster="https://www.oann.com/wp-content/uploads/2022/04/vid-poster-image.jpg" src="https://d1cc0p6j4uj4n9.cloudfront.net/f72c31f6-c76e-4f87-a2b7-b398037d7035/mp4/0049ec29-7001-4a33-88fb-6270c474d3c0_Mp4_Avc_Aac_16x9_1280x720p_30Hz_3.5Mbps_qvbr.mp4" width="100%" height="auto"></video></figure>

The Federal Reserve cut interest rates by 0.5% for the first time since 2020. This move comes after inflation dropped to 2.5% from 9.1% and follows a revision showing nearly one million fewer jobs added than initially reported. Ed Siddell, CEO & Chief Investment Advisor at EGSI Financial joins Alicia Summers to discuss.{ai:summary}The Federal Reserve reduced interest rates by 0.5%, marking its first reduction since 2020. This decision follows a decline in inflation from 9.1% to 2.5% and revised job growth figures indicating nearly one million fewer jobs were added than previously reported.#economy

Fed Cuts Interest Rates By 0.5%; First Cut In Four Years

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