Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020

On Wednesday, the U.S. Federal Reserve lowered its benchmark involvement complaint for the archetypal clip since March 2020. The Sept. 18, 2024 complaint chopped amounted to 50 ground points (bps), a notably bigger accommodation than galore analysts anticipated. According to the Federal Open Market Committee (FOMC) property release, the cardinal slope remains focused connected reaching […]