Was the Fed pressured into a larger rate cut? Something doesn’t add up

The Federal Reserve (Fed) aggressively slashed interest rates Wednesday, announcing the first rate cut since March 2020. The decision surprised some economists and policy experts. The Fed lowered its benchmark rate by 0.50 percentage points on Wednesday, or double the more typical 0.25 percentage point cut. This move marked a critical turning point in the […] source: https://www.cryptopolitan.com/was-the-fed-pressured-into-a-larger-rate-cut/