December 24, 2024 07:21 pm (IST)
US Fed cuts interest rates by 50 bps, first reduction since 2020
Sep 19, 2024, at 07:35 pm
Washington/IBNS: The US Federal Reserve, popularly known as the Fed, has reduced its key lending rate by half a percentage point, marking the first cut since the Covid-19 pandemic in 2020, just weeks ahead of November’s presidential election.
Latest Headlines
US Fed cuts interest rates by 50 bps, first reduction since 2020
Thu, Sep 19 2024