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'

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

https://www.channelnewsasia.com/business/us-fed-interest-rate-cut-fomc-50-basis-points-election-harris-trump-4616746