Fed Cuts Rates by 0.50%: What’s Next for Borrowers and the Economy?

Fed Cuts Rates Horizontal - The Chemical Company

In a move anticipated by many, though surprising in its size, the Federal Reserve cut rates by 50 basis points in September. This significant reduction is expected to lower borrowing costs over the coming months, offering a positive outlook for inflation control, consumer sentiment, and borrowing power for individuals and businesses. However, the long-term effects and whether the Fed can engineer a “soft landing” for the economy remain uncertain.

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