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The Economist
19 Sep 2024

Business
The Federal Reserve cut interest rates for the first time since March 2020, reducing its key rate by half a percentage point to a range of between 4.75% and 5%. The central bank suggested it would cut rates again later this year. With inflationary pressures easing, the Fed is pivoting to tackle a cooler labour market.
This article appeared in the The world this week section of the print edition under the headline “Business”