By Andrew Moran The Federal Reserve’s December meeting proved far more fractured than the final vote suggested, underscoring the persistent split in policymakers’ views. Earlier this month, the Federal Open Market Committee voted 9–3 to lower the benchmark federal funds rate—a key policy rate that influences borrowing costs—by a quarter point. The new target range sits between […]
Tag: Economic Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
