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US Fed chair Jerome Powell (File photo by AP) The US Federal Reserve’s Federal Open Market Committee (FOMC), led by Fed Chair Jerome Powell on Wednesday cut the key rate by 25 basis points. The rate now stands between 3.5 percent and 3.75 percent, the lowest level in nearly three years. “In support of its…
Jerome Powell (AP file photo) US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday cut the key benchmark rate by 25 basis points, bringing it down to the 3.75-4.00 per cent range. According to the FOMC statement, “uncertainty about the economic outlook remains elevated.”“Available indicators suggest that economic activity has been…
US Federal Reserve Chairman Jerome Powell (File photo) US Fed FOMC Meeting: Led by chairman Jerome Powell, the US Federal Reserve on Wednesday announced a 25 basis points rate cut after the FOMC meeting. “In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower…
