the staff of the Ridgewood blog
Ridgewood NJ , actions speak louder then words . In a bold move to support the U.S. labor market, the Federal Reserve lowered its benchmark interest rate by half a percentage point on Wednesday. This marks the start of a significant policy shift aimed at stabilizing growth and keeping employment strong. The cut brings the federal funds rate down to a range of 4.75% to 5%, after staying at its highest level in two decades for over a year.
