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US Fed Delivers Big Rate Cut, Remains Confident On Inflation Goals | Subscribe to Firstpost
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US Fed Delivers Big Rate Cut, Remains Confident On Inflation Goals | Subscribe to Firstpost
The US Federal Reserve has made its first interest rate cut since the Covid pandemic, reducing rates by 0.5 percentage points amid fears of a potential labour market slowdown. The central bank's Federal Open Market Committee lowered its key borrowing rate to 4.75%-5%, in line with market expectations. This marks the first half-point cut from emergency measures since the 2008 financial crisis. The Federal Reserve, in its commentary, noted that while job growth has slowed, economic activity remains strong, and inflation is moving towards its 2% target.
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The US Federal Reserve has made its first interest rate cut since the Covid pandemic, reducing rates by 0.5 percentage points amid fears of a potential labour market slowdown. The central bank's Federal Open Market Committee lowered its key borrowing rate to 4.75%-5%, in line with market expectations. This marks the first half-point cut from emergency measures since the 2008 financial crisis. The Federal Reserve, in its commentary, noted that while job growth has slowed, economic activity remains strong, and inflation is moving towards its 2% target.
---
US | Fed Rate Cut | Federal Reserve | Inflation | US Financial Crisis | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News
#usa #fedratecut #federalreserve #inflation #usfinancialcrisis #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews
Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
Follow Firstpost on Instagram:
Follow Firstpost on Facebook:
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