“The move marks an important pivot point, signaling that central bankers believe they have finally won their battle against inflation.”

The relatively large interest rate cut signals that the #Fed is shifting its focus from fighting inflation to supporting the labor market, an economist explains.

We spoke with them about what the rate cut means for the economy – and possibly the presidential campaign:
https://theconversation.com/fed-slashes-rates-by-a-half-point-what-that-means-for-the-economy-and-the-presidential-election-239265

#news #economy #inflation #USPolitics

Fed slashes rates by a half-point – what that means for the economy and the presidential election

The relatively large rate cut signals that the Fed is shifting its focus from fighting inflation to supporting the labor market, an economist explains.

^{The Conversation}