US Fed meet: Jerome Powell-led FOMC cuts rate by 25 basis pts; lowest level in almost 3 years
The Federal Reserve's FOMC reduced its key interest rate by 25 basis points, bringing it to a near three-year low. This move aims to bolster the US economy amidst deteriorating employment conditions, though concerns about inflation persist due to trade tariffs.
The Federal Reserve's FOMC reduced its key interest rate by 25 basis points, bringing it to a near three-year low. This move aims to bolster the US economy amidst deteriorating employment conditions, though concerns about inflation persist due to trade tariffs.
