World Newspapers: Fed Goes Big with Half-Point Rate Cut

The US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. The Federal Reserve reduced the target for its key lending rate by 0.5 percentage points, to the range of 4.75%-5%. 206 ...

2024-09-20 05:55:38     0    6870
World Newspapers: Fed Goes Big with Half-Point Rate Cut

The US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. The Federal Reserve reduced the target for its key lending rate by 0.5 percentage points, to the range of 4.75%-5%. 206 ...

News ID: 87048504