Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight (Video)

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers. The rate cut, the Feds first in more than four years, reflects its new focus on bolstering the job market. Read more: https://bit.ly/47timAR #fedreserve #news #jobmarket Subscribe: http://smarturl.it/AssociatedPress Read more: https://apnews.com This video may be available for archive licensing via https://newsroom.ap.org/home