Washington, Sept 19, 2024 (AFP) - Rate cut could lift consumer spirits before US elections

NAMPA / AFP

2024-09-19

The US Federal Reserve's decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November's presidential election. Analysts expect any economic impact of the first rate cut for four years to be modest, and some see it as having only a marginal impact on voting. But that could still move the needle in an election where Democratic Vice President Kamala Harris is essentially tied with he......

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