U.S. Federal Reserve cuts key interest rate by half a percentage point, cites ‘greater confidence’ on inflation
- Posted on September 18, 2024
- By The Globe and Mail
- 1 Views
U.S. Federal Reserve cuts key interest rate by half a percentage point, cites ‘greater confidence’ on inflation
Policy makers voted Wednesday to lower the benchmark federal rate to a range of 4.75 per cent to 5 per cent, and signalled they expect another half percentage point cut by the end of the year
