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VOA

US Federal Reserve cuts key interest rate by quarter-point

VOA
Summary
Nutrition label

78% Informative

The Fed cut its key interest rate by a quarter -point to about 4.6% , down from a four-decade high of 5.3% before September 's meeting.

The Fed had kept its rate high for more than a year to fight the worst inflation streak in four decades .

Annual inflation has since fallen from a 9.1% peak in mid-2022 to a 3-year low of 2.4% in September .

VR Score

89

Informative language

95

Neutral language

67

Article tone

semi-formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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