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TRENDING/ US 30-year mortgage rate falls to two-year low | Amazon raises pay of US hourly workers | Fed slashes rates by 50 bps |
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Published 23:39 IST, September 18th 2024

Fed cuts rates by 50 basis points, cites 'greater confidence' on inflation

Policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, another full percentage point in 2025.

Reported by: Thomson Reuters
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Federal Reserve Chair Jerome Powell
Federal Reserve Chair Jerome Powell | Image: Reuters
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23:39 IST, September 18th 2024