The US central bank just made it cheaper for banks to borrow cash overnight

The US central bank has lowered the interest rate it charges banks for short-term loans. This makes it less expensive for banks to borrow money from the central bank when they need quick cash.

When banks can borrow money more cheaply, they have more flexibility to manage their daily cash flow. This can affect how much money is available in the financial system and at what cost. It is a small, routine adjustment, but it reflects the central bank's current view on the overall economy.