A 50 BPS Rate Cut, Intel’s Lawsuit, & Boeing’s Strike 09/19/24
In a move that largely surprised economists, the Federal Reserve cut interest rates by half a percentage point, the first cut in four years. Former Fed Vice Chairman Roger Ferguson explains the possible reasoning behind the larger-than-expected cut. As Boeing’s strike continues, port workers on the east coast are threatening to strike as well. Transportation Secretary Pete Buttigieg weighs in on both worker plights, as well as the road ahead for electric vehicle infrastructure. The Anti-Defamation League has joined an employee’s discrimination lawsuit against Intel. CEO and National Director…
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