The US Federal Reserve on Wednesday announced its first interest rate cut since the early days of the 2020 COVID-19 pandemic. The Fed slashed interest rates by 50 bps to a range between 4.75%-5%, from the 23-year high of 5.25%-5.50%. "The committee...judges that the risks to achieving its employment and inflation goals are roughly in balance," the post-meeting statement said.
short by
Hiral /
12:04 am on
19 Sep