We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.

Many are ecstatic about the 0.5 percentage point rate cut the Fed delivered. But there are good reasons to think it comes from concern and not optimism.

The major move signals end to inflation fight while shoring up job market for ‘soft landing’ as borrowing to get cheaper