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At the September meeting, the US Federal Reserve (FRS) lowered its key interest rate by 50 basis points for the first time since March 2020, from 5.25–5.5% to 4.75–5%. This event was an important step in the fight against inflation, which began in the spring of 2022, when the regulator began to consistently raise the rate. The last rate increase occurred in July 2023

Lowering the key interest rate by the US Federal Reserve is a significant move to combat inflation. It shows the central bank's commitment to maintaining economic stability. This decision may impact borrowing costs, investment decisions, and overall economic growth.