On Wednesday, the Federal Reserve’s Federal Open Market Committee (FOMC) voted 11–1 to cut interest rates by 0.25% to 4%–4.25%, their first rate cut in nine months. The central bank’s policymakers cited the weakening labor market as the basis for the cut but noted that they are still concerned about potential inflation. However, the committee signaled that they are likely to approve two more rate cuts this year. 

Ad-free podcasts are here!

To listen to this podcast ad-free, and to enjoy our subscriber only premium content, go to ReadTangle.com to sign up!

You can read today's podcast⁠ ⁠⁠here⁠⁠⁠, our “Under the Radar” story ⁠here and today’s “Have a nice day” story ⁠here⁠.

Take the survey: How many more times do you think the FOMC should cut interest rates this year? Let us know.

Disagree? That's okay. My opinion is just one of many. Write in and let us know why, and we'll consider publishing your feedback.

You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. 

Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.

This podcast was written by Ari Weitzman and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.

Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Lindsey Knuth, Kendall White, Bailey Saul, and Audrey Moorehead.

Hosted on Acast. See acast.com/privacy for more information.