US Federal Reserve cuts interest rates by half a percentage point
The US Federal Reserve lowered its key lending rate by a deeper-than-expected 0.5%, in its first rate cut in more than four years. The move indicates that while monetary policymakers are confident about taming inflation, their focus has shifted to supporting the slowing job market. Plus, France 24's Yuka Royer speaks with Regina Mayor, Global Head of Clients & Markets at KPMG International, about what is top of mind for global CEOs amid economic uncertainty and technological advances.
The US Federal Reserve lowered its key lending rate by a deeper-than-expected 0.5%, in its first rate cut in more than four years. The move indicates that while monetary policymakers are confident about taming inflation, their focus has shifted to supporting the slowing job market. Plus, France 24's Yuka Royer speaks with Regina Mayor, Global Head of Clients & Markets at KPMG International, about what is top of mind for global CEOs amid economic uncertainty and technological advances.
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