US Federal Reserve slashes rate of interest by 25bps in third consecutive fee lower of 2024

US Federal Reserve slashes rate of interest by 25bps in third consecutive fee lower of 2024

The Fed has raised charges aggressively since March 2022, pushing its benchmark fee to a 23-year excessive earlier than starting reductions this yr learn extra The Federal Reserve introduced its closing rate of interest determination of the yr, delivering its third consecutive fee lower of 2024. The choice comes amid the Fed’s efforts to stability…

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