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Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
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Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020

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Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
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Source: Bitcoin.com

Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]

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Related posts:

  1. Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’
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  3. Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell 
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