#NBC Fed cuts interest rates citing “risks” to jobs market
Fed cuts interest rates citing “risks” to jobs market
The quarter point rate cut was the first in nine months as Fed Chair Jerome Powell said the Fed is trying to find the balance between its dual mandate of maximizing employment and keeping inflation in check. NBC News’ Christine Romans reports on what the impact to your borrowing costs may be.
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#FederalReserve #InterestRates #Economy
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