BREAKING: The Federal Reserve cuts interest rates by 50 basis points in first rate cut since March 2020

In a surprising move, the Federal Reserve has slashed interest rates by 50 basis points, marking its first rate cut since March 2020. This decision, considered the most unexpected since 2009, signals a shift in the central bank’s approach amid ongoing economic uncertainties. The cut comes as markets brace for potential impacts on inflation and financial stability, with investors and analysts closely watching the Fed’s next steps.