- USA
  location (geo:U.S., geo:the United States, geo:USA, geo:United States, org:the United States, geo:US, org:U.S., org:US)
- Washington (state)
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- Feed.
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- Federal Reserve
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- business
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Jerome Powell Announces Interest Rate Cut After Inflation Cools

Newsweek

Summary

88:88
The Federal Reserve cut its key interest rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week
The Gazette
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The US Federal Reserve cut interest rates by 25 basis points in its second interest rate cut since Covid-19, shrugging off political uncertainty in Washington and moving ahead with easing monetary policy further as inflation continues to cool in the world's largest economy.
Gulf News
88:88
The rate cut follows a larger half-point reduction in September, and it reflects the Fed's renewed focus on supporting the job market as well as fighting inflation, which now barely exceeds the central bank's 2% target.
Voice Of America
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The statement followed a two-day policy meeting in which officials lowered the benchmark overnight interest rate to the 4.5 percent to 4.75 percent range, as widely expected.
Aljazeera

■ Story #4 ▪

issue 88:88 ▪

64 items ▪

20 sources ▪

updated 88:88

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