US Federal Reserve lowers interest rates weeks before presidential election
The Federal Reserve slashed US interest rates by 50 basis points, its first cut in four years, lowering the benchmark rate to 4.75-5.00 percent. The move, double the typical 25 basis point adjustment, signals heightened concern about economic growth as inflation slows. The decision aims to safeguard the labour market amid growing uncertainties.
The Federal Reserve slashed US interest rates by 50 basis points, its first cut in four years, lowering the benchmark rate to 4.75-5.00 percent. The move, double the typical 25 basis point adjustment, signals heightened concern about economic growth as inflation slows. The decision aims to safeguard the labour market amid growing uncertainties.
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