On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]News Bytes, Federal Reserve, FOMC, inflation, Interest Rate Cut, jerome powell, Monetary Policy, News Bytes 1, U.S. economyRead More

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