The US Federal Reserve has slashed interest rates by half a percentage-point. It’s the first cut since the pandemic. The move will bring down the cost of borrowing, including on mortgages and credit cards in the US. Global markets are reacting to the news.. with analysts and investors debating the possibility of more cuts in the near future – while some wonder what the Fed policy change will mean for their own lives.
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#business #federalreserve #economy
Author: DW News
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News post in September 19, 2024, 6:04 pm.
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