The Federal Reserve (Fed) has finally cut interest rates after keeping them elevated over a prolonged period.ย On 18 September 2024, the Fed announced a cut of 50 basis points (bps), lowering its target interest rate range to 4.75% to 5.00%. This marks a decrease from the previous range of 5.25% to 5.50%, the highest in 23 years. Notably, this is the first-rate cut following a series of hikes...