International Economic

Federal Reserve cuts rates by 'timely' 50bp, Bowman dissents

By Alexander Bueso

Date: Wednesday 18 Sep 2024

(Sharecast News) - The US central bank surprised markets with a half percentage point interest rate cut.
However, rate-setters in Washington D.C. also emphasised that they would not necessarily continue to loosen policy at that same pace.

The target range for the federal funds rate was lowered by 50 basis...

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