> The decision to ease came “in light of progress on inflation and the balance of risks.” <
That’s some funny stuff right there. The Fed - as part of the Deep State - certainly wants Harris to win. A cut in interest rates will help her.
A 1/2 point cut might also reignite inflation. But that pain probably won’t be felt until after the election. So let’s not worry about that.
Consumer debt is still at record levels, personal savings trash… and now they make credit even more attractive lol. The folks are not learning their lessons. Until then we will continue to hear about this “resilient economy” as it crashes.