Fed cuts interest rates amid questions over its fight to lower inflation
Central bank lowers the benchmark federal funds rate by a quarter of a percentage point
The US Federal Reserve cut interest rates on Wednesday amid questions over its fight to bring down inflation across the world’s largest economy.
Policymakers at the central bank lowered the benchmark federal funds rate by a quarter of a percentage point to a range of between 4.25% and 4.5% in its last rate decision before Donald Trump assumes the presidency in January. Continue reading...
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