© 2022 All Rights reserved WUSF
News, Jazz, NPR
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Rate-Cut Rally

NPR's Jim Zarroli reports on the major stock and bond market rally triggered by yesterday's Federal Reserve decision to cut a critical interest rate. It was the fourth Fed interest rate reduction this year, and Wall Street was ecstatic. Fed policy makers say they're prepared to reduce the rate again next month, if the economy needs more stimulation.

Copyright 2001 NPR

WUSF 89.7 depends on donors for the funding it takes to provide you the most trusted source of news and information here in town, across our state, and around the world. Support WUSF now by giving monthly, or make a one-time donation online.