Interest Rate Cut in the USA
If you've been paying attention to business related news over the last few months, you've likely heard a lot about Interest Rates and the potential of a Rate Cut. On July 31st, we officially got news that the Federal Reserve was reducing rates by 0.25% in the United States. There was mixed reactions to this move with some wanting a larger cut but many in the know questioning why a cut was necessary at all. The US Economy has remained strong and while Global Growth has slowed down, a lot of top financial experts figured that the Federal Reserve could hold steady.