October 31, 2024
Americans are feeling better about the economy after the Fed’s jumbo rate cut
In September, the Federal Reserve cut interest rates for the first time in four years, which improved consumer sentiment: it rose to the highest level since April. Joanne Hsu, director of the Surveys of Consumers says, “This month’s increase was primarily due to modest improvements in buying conditions for durables, in part due to easing interest rates.”