The Japan News on Nostr: Significant Interest Rate Cut in U.S.: Turning Point Reached in Fight against High ...
Significant Interest Rate Cut in U.S.: Turning Point Reached in Fight against High Prices
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The U.S. Federal Reserve cut interest rates by 0.5 percentage points to 4.75%-5% on September 20, 2024, the first cut in 4½ years; Fed Chair Jerome Powell emphasized the need to avoid economic stall; CPI peaked above 9% in June 2022, now at 2.5% in August 2024; concerns exist about inflation driven by pandemic supply constraints; the Fed's decision may favor Vice President Kamala Harris' economic policy ahead of the November election; the Bank of Japan is considering interest rate increases; BOJ Gov. Kazuo Ueda urged careful communication to avoid market turmoil.
#UsFederalReserve #InterestRates #Inflation #JeromePowell #Cpi #EconomicPolicy #KamalaHarris #BankOfJapan #KazuoUeda #MonetaryPolicy
https://japannews.yomiuri.co.jp/editorial/yomiuri-editorial/20240920-212350/
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The U.S. Federal Reserve cut interest rates by 0.5 percentage points to 4.75%-5% on September 20, 2024, the first cut in 4½ years; Fed Chair Jerome Powell emphasized the need to avoid economic stall; CPI peaked above 9% in June 2022, now at 2.5% in August 2024; concerns exist about inflation driven by pandemic supply constraints; the Fed's decision may favor Vice President Kamala Harris' economic policy ahead of the November election; the Bank of Japan is considering interest rate increases; BOJ Gov. Kazuo Ueda urged careful communication to avoid market turmoil.
#UsFederalReserve #InterestRates #Inflation #JeromePowell #Cpi #EconomicPolicy #KamalaHarris #BankOfJapan #KazuoUeda #MonetaryPolicy
https://japannews.yomiuri.co.jp/editorial/yomiuri-editorial/20240920-212350/