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Old 09-20-2024, 11:04 AM
jimjamuser jimjamuser is offline
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Originally Posted by retiredguy123 View Post
Can anyone provide a logical reason why the Fed reduced interest rates by 0.5 percent? I watched several financial TV shows and got nothing but a bunch of gobbledygook.
It is actually pretty simple. The FED RAISED rates to combat INFLATION. They now feel that inflation is under CONTROL, so they can reduce rates.