The Emperor's new clothes

Core Viewpoint - The Federal Reserve's September meeting resulted in a 25 basis point reduction in interest rates, lowering the key Fed Funds rate to a range of 4.00-4.25% [1] Group 1: Interest Rate Changes - The Federal Open Market Committee (FOMC) decided to cut interest rates by 25 basis points [1] - The new Fed Funds rate is now set between 4.00% and 4.25% [1]