The US Federal Reserve decided on a 50 basis point (bps) interest rate cut following its FOMC meeting on September 18. This huge Fed rate cut raised eyebrows as this was only the third time in recent history that the Central Bank had begun a rate cut cycle with a 50 bps. However, Fed Chair Jerome, in his speech, explained why they made this move.
Why The Federal Reserve Made A Huge Interest Rate Cut?
coingape.com
19 September 2024 12:20, UTC