Vice President Kamala Harris called the rate cut “welcome news,” while former President Donald Trump suggested, without evidence, that the decision could be politically motivated.
With less than 50 days until Election Day, another question has emerged: Will the rate cut matter to voters?
In fact, they already have – mortgages are based on bond yields, which have fallen in recent weeks in anticipation of a rate cut.
Harris responded to the rate cut by saying she’s focused on bringing down prices.
This story has been updated with reaction to the Fed’s rate cut announcement.
Persons:
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Organizations:
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Locations:
trillions, Ukraine, Nevada, New York