Dollar gains ground after Fed delivers bumper 50 basis point rate cut

CNA - 18. září 2024

Dollar gains ground after Fed delivers bumper 50 basis point rate cut

NEW YORK :The dollar edged higher in choppy trading after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2 per cent annual target.The …

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