Breaking news: Fed makes big rate cut, its first in four years

View in browser | nytimes.com   BREAKING NEWS The U.S. Federal Reserve slashed interest rates by half a point in its first cut since 2020, shifting from a long fight against inflation to protecting jobs. Wednesday, September 18, 2024 2:15 PM ET In light of a recent rise in the unemployment rate, the Fed's move is an attempt to ward off a bigger employment slowdown. Read more   ADVERTISEMENT You received this email because you signed up for NYTimes.com's Breaking News Alerts. To stop receiving Breaking News Alerts, unsubscribe. To opt out of other promotional emails from the Times, manage your email preferences. Subscribe to the Times Get the NYT app Change Your Email Privacy Policy Contact Advertise California Notice The New York Times Company, 620 Eighth Avenue, New York, NY 10018