The rate cut was a tough call and good for the economy
The Federal Reserve on Wednesday cut its benchmark interest rate for the first time in over four years and said it would reduce it by a quarter percentage point to 5%. The rate cut comes as the US economy faces slow job growth and a high unemployment rate. The Fed also raised the federal funds rate from a previous range of 5.5% to 5%.
Why elderly farmers do not want to go to the nursing home
Farmers in a US state were forced to sell or break down their farm to pay for long-term care after Medicaid didn’t paid for it, as per a report. Farmers with land worth less than $1 million are at the greatest risk of losing their entire farm over long-term care costs, an attorney said. Farmers in North Dakota faced the same situation.