Tag: Federal Open Market Committee
Fed Announces First Rate Cut Since 2020, Lowering Interest by 0.5 Percent
The benchmark interest rate for lending is now 4.75 to 5 percent, following the Federal Reserve's long-awaited...
Dollar Slides as Investors Balance Positions Ahead of US Inflation Data
The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise...
Federal Reserve to Begin Reducing Bond Purchases Beginning This Month
In a step towards withdrawing the massive support it has been providing to the financial markets and...