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kidkid
@basekid
The latest article from the Fed's sounding board mentions the thinking behind future Fed decisions The U.S. policy of lowering interest rates in September 2024 is primarily aimed at reducing the short-term debt burden, lowering the fiscal pressure on the U.S. Treasury, and modestly boosting market liquidity. This policy is unlikely to stimulate borrowing activity in the short term, as interest rates on new loans, while falling, remain high compared to the average rate at which Americans borrow. The interest rate cuts are aimed more at maintaining economic stability than at large-scale stimulation of the economy
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