The Federal Reserve’s rate cut
Tangle
Isaac Saul
4.7 • 818 Ratings
🗓️ 19 September 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
On Wednesday, the Board of Governors of the Federal Reserve met in Washington, D.C., and agreed to a 0.5% — or 50 basis point — cut to the federal funds effective rate. The 0.5% cut, which lowered the federal interest rate to between 4.75% and 5.00%, exceeded general economist expectations of a 0.25% cut. It is the first Federal Reserve (Fed) interest rate cut since April of 2020.
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Transcript
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| 1:02.6 | From executive producer Isaac Saul, This is Tangle. |
| 1:10.8 | Good morning. Good afternoon and good evening and welcome to the Tangle podcast, the place we get views from across the political spectrum, |
| 1:31.9 | some independent thinking, and a little bit of my take. I'm your host, Isaac Saul, and on today's episode, we're going to be talking about the September Federal Reserve rate cut, which we got |
| 1:37.1 | news about yesterday. Pretty important update on the economy and where things are heading. |
| 1:42.0 | We're going to talk about what it means, what it doesn't mean, and what we're still uncertain about. Before we do, though, a quick |
| 1:47.8 | heads up that tomorrow, we are going to be doing a side-by-side comparison of Donald Trump and |
| 1:53.4 | Kamala Harris on all the big issues, the economy, immigration, abortion, health care, crime, |
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