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US Federal Reserve cuts key interest rate by half-point for first time in four years
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US interest rates have been slashed for the first time in more than four years, by more than many expected amid fears the world's largest economy is flagging.
Bringing down inflation to 2% is a primary goal and the Fed has used interest rates to draw money out of the economy by making borrowing more costly.
#skynews #usa #interestrates #economy
Bringing down inflation to 2% is a primary goal and the Fed has used interest rates to draw money out of the economy by making borrowing more costly.
#skynews #usa #interestrates #economy
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