The Federal Reserve’s rate cut

On Wednesday, the Board of Governors of the Federal Reserve met in Washington, D.C., and agreed to a 0.5% — or 50 basis point — cut to the federal funds effective rate. The 0.5% cut, which lowered the federal interest rate to between 4.75% and 5.00%, exceeded general economist expectations of a 0.25% cut. It is the first Federal Reserve (Fed) interest rate cut since April of 2020. On November 5, we are going to be hosting a live, in-person election night watch party at Tangle HQ in Philadelphia. But before we start planning, we want to know what the demand would be for an event like this. So, if you could, please fill out this quick form and let us know if you'd like to come (or tune in). You can read today's podcast⁠ ⁠⁠here⁠⁠⁠, our “Under the Radar” story ⁠here and today’s “Have a nice day” story ⁠here⁠.You can watch the replay of our live stream of the Harris Trump debate with commentary from Isaac on our YouTube Channel!Check out Episode 6 of our podcast series, The Undecideds. You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Help share Tangle.I'm a firm believer that our politics would be a little bit better if everyone were reading balanced news that allows room for debate, disagreement, and multiple perspectives. If you can take 15 seconds to share Tangle with a few friends I'd really appreciate it. Email Tangle to a friend here, share Tangle on X/Twitter here, or share Tangle on Facebook here.Take the survey: What signal do you think the Fed’s 0.5% rate cut sends? Let us know!Our podcast is written by Isaac Saul 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, Will Kaback, Bailey Saul, Sean Brady, and produced in conjunction with Tangle’s social media manager Magdalena Bokowa, who also created our logo. Hosted on Acast. See acast.com/privacy for more information.