US Federal Reserve slashes lending rate by 50 bps for first time since 2020
- Posted on September 18, 2024
- By Financial Express
- 1 Views
US Federal Reserve slashes lending rate by 50 bps for first time since 2020
Policymakers voted 11-to-1 to reduce the US central bank's benchmark lending rate to a range of 4.75 percent to 5.00 percent, according to a statement from the Fed.
