TYLER, Texas (KLTV) - Economist Dr. Ray Perryman said the Federal Reserve is making the right move in lowering the key interest rate.

“Well, I think this was widely anticipated,” Perryman said. “I mean, they’ve been trying to send signals for quite some time now that they probably would reduce interest rates at this time. I think a quarter point is a good measured response. They’ve indicated they may look at more cuts during the course of the year, but they’re going to keep an eye on inflation as they’re doing this right now. We’ve got a weaker economy, job market slowing down. We also have some inflationary, uh, threats out there as well. So you have both things going at the same time, one of which argues for rate increases, one of which argues for rate decreases. I think they’re coming

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