US Federal Reserve cuts interest rate by 25 basis points to 4.25-4.50%
Chaired by Jerome Powell, the rate-setting panel highlighted that inflation remains “somewhere elevated” in U.S. economics. The United States Federal Reserve announced its eighteenth and final monetary policy decision for 2024 on Wednesday,18 December 2024, following a two-day Federal Open Market Committee (FOMC) meeting. In a widely anticipated move, the Fed reduced the benchmark interest … Read more
