The Federal Open Market Committee, led by Chairman Jerome Powell, has reduced the benchmark interest rate by 25 basis points to 3.75-4.00 percent. This move aims to bolster the US economy amidst tariff adjustments and assess the impact of the ongoing government shutdown.
from Times of India https://ift.tt/FjOY7MP
US Fed cuts rate by 25 bps: Powell says economic outlook uncertain; Dec cut ‘not forgone conclusion’
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