| The Federal Reserve announced Wednesday that it is lowering interest rates by half a percentage point and penciled in two more cuts before the end of the year, in a clear sign that officials believe inflation has been tamed. The move, which is larger than a standard rate cut, also indicates that the central bank is growing nervous about the weakening labor market. While layoffs remain low, job opportunities have dwindled, helping push up unemployment gradually. A further rise in joblessness could be more painful, and more swift.
Read the latest
| 
No comments:
Post a Comment