US Federal Reserve cuts interest rates by 50 bps in key FOMC meet chaired by Jerome Powell
Wednesday, 18 September 2024 () US Federal Reserve Meeting: The US Federal Reserve has cut interest rates by 50 basis points, the first reduction in over four years, aiming to reverse restrictive economic conditions. Policymakers expect further rate cuts, targeting a range of 4.25%-4.50% by year-end as inflation nears the 2% goal and unemployment rises.
The Federal Reserve cuts interest rates half a percent, just in time for the election; the Teamsters Union refuses to endorse Kamala; and Israel unleashes a second round of targeted hits on Hezbollah.
President Biden commented on the Federal Reserve’s recent interest rate cut during remarks at the Economic Club of Washington Thursday. Veuer’s Matt Hoffman has the story.
The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.
Credit: euronews (in English) Duration: 01:07Published
The Federal Reserve is anticipated to reduce interest rates this week after keeping them at a two-decade high. While most forecasters expect a quarter-point cut,... IndiaTimes
Wednesday, 18 September 2024 ()
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