A Humbling Admission: The Fed’s Surprise Move
I must start with a confession: I was mistaken. My earlier prediction that the Federal Reserve would not make a drastic interest rate cut in September proved to be incorrect. It seems that, as a nation, we have an affinity for grand gestures – and the Fed is no exception. Despite my initial doubts, the central bank has delivered a substantial rate reduction, leaving many of us wondering what’s next for the economy.
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