Yesterday, the Fed announced that it reduced its key rate by a large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years.
US Fed makes aggressive interest rate cut, weeks before election
Date 19 Sep 24 (Thu): U.S. Interest Rate Cuts by 50 bps, Fed Chairman Powell says Upside Inflation Risks have diminished but Jobs Data ‘Requires Action'
Comments