Kevin Samsung News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Federal Reserve is widely expected to trim Interest Rates today for the First Time Since 2008. The only question is by how much. Some believe in a 50 basis point cut, as fed Chairmanjerome Powell has voiced growing concerns about the us economy. Especially inflation, which has remained stubbornly below the feds 2 target, despite unemployment being at the lowest in nearly 50 years. But lately a majority of economists seem to favour a 25 point cut, with another one following in the coming months. And maybe as many as three next year. So why cut at all . Lowering borrowing rates makes it easier for businesses to get loans to invest in new projects, and for consumers to buy homes, cars and other items, which creates demand that keeps the economy humming. M ....

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