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US Federal Reserve lowers interest rates weeks before presidential election

• Sep 18, 2024, 10:51 PM
1 min de lecture
The Federal Reserve slashed US interest rates by 50 basis points, its first cut in four years, lowering the benchmark rate to 4.75-5.00 percent. The move, double the typical 25 basis point adjustment, signals heightened concern about economic growth as inflation slows. The decision aims to safeguard the labour market amid growing uncertainties.