Federal Reserve cuts interest rates by half-point; first rate reduction in four years

Biztoc.com - 18 september 2024

Federal Reserve cuts interest rates by half-point; first rate reduction in four years

The Federal Reserve on Wednesday announced a long-awaited interest rate cut, lowering the benchmark rate by 50 basis points from what was the highest level in 23 years as the central bank eased borrowing costs following progress in the fight against inflation…

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