News@lemmy.worldEnglish · 20 hours ago

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

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Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

News@lemmy.worldEnglish · 20 hours ago

The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.

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4 hours ago
Oh neat! Inflation only exists if it happened in the last 12 months. /s

Accumulative inflation is a thing, and it is up 21.8% since 2020.

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