1st LD: U.S. Fed slashes rates by 50 basis points, first rate cut in four years

The Star Online - 18 септември 2024 г.

1st LD: U.S. Fed slashes rates by 50 basis points, first rate cut in four years

WASHINGTON, Sept. 18 (Xinhua) -- The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points amid cooling inflation and a weakening labor market, marking the first rate cut in over four years. Read full story

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