#BREAKING
📉THE FEDERAL RESERVE OFFICIALLY CUTS INTEREST RATES BY 25 BASIS📊
Impact on Borrowing: A rate cut typically eases monetary policy, making it cheaper for banks to borrow money from one another. This generally leads to lower interest rates on various consumer and business loans, such as mortgages, auto loans, and credit cards.
Goal: The primary goal of cutting the rate is to stimulate economic activity and support the Federal Reserve's mandate of achieving maximum employment.
