Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020

On Wednesday, the U.S. Federal Reserve lowered its benchmark rate of interest for the primary time since March 2020. The Sept. 18, 2024 charge minimize amounted to 50 foundation factors (bps), a notably greater adjustment than many analysts anticipated. Based on the Federal Open Market Committee (FOMC) press launch, the central financial institution stays centered on reaching […]



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