Express
Fed Lowers Benchmark Funds Rate By 25 Basis Points
Summary: The Federal Open Market Committee lowers its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75%. This is the third time the Fed has cut interest rates this year, and it is also the third time the Fed has cut interest rates since December 2008. The Fed indicates it may ...
The Federal Open Market Committee lowers its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75%. This is the third time the Fed has cut interest rates this year, and it is also the third time the Fed has cut interest rates since December 2008. The Fed indicates it may pause rate cuts from here.
Author：Liang CHE
