the staff of the Ridgewood blog
Ridgewood NJ, the Federal Reserve Chairman Jerome Powell confirmed a quarter-percentage-point rate cut, bringing the federal funds rate to a range of 4.5% to 4.75%. This is the second rate cut in recent months as the Fed aims to navigate a complex economic landscape. Another potential cut is on the table for December, depending on the economic climate as the year ends.
Continue reading Federal Reserve Cuts Rates Again Amid Economic Balancing Act