The Hindu :press: on Nostr: Federal Reserve cuts its key interest rate by a quarter-point amid postelection ...

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation, which now barely exceeds the central bank’s 2% target. #press

https://www.thehindu.com/business/federal-reserve-cuts-its-key-interest-rate-by-a-quarter-point-amid-postelection-uncertainty/article68842760.ece?utm_source=press.coop