US Fed Cuts Rate by Quarter-Point in Third Straight Reduction
This is Beirut, 18/12 21:30 - Reading : less than a minute
The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, amid uncertainty about inflation and President-elect Donald Trump's economic plans. Policymakers voted 11-to-1 to lower the US central bank's key lending rate to between 4.25 percent and 4.50 percent, the Fed announced in a statement. ...