US Federal Reserve cuts interest rates by 50 bps in key FOMC meet chaired by Jerome Powell – Times of India
US Federal Reserve Meeting: The US Federal Reserve on Wednesday cut interest rates by 50 basis points. “In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent,” the FOMC statement read….