US Fed cuts interest rates by 50 bps in a first since 2020: Why it matters for India – Times of India
NEW DELHI: The US Federal Reserve reduced interest rates by 50 basis points on Wednesday, marking the first cut in over four years. In its statement, the Federal Open Market Committee (FOMC) said, “In light of progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal…