US central bank cuts rates by half a percentage point

(Image: Getty)

Thu, 19 Sep 2024

The Federal Reserve has cut interest rates by half of a percentage point, kicking off what is expected to be a steady easing of monetary policy with a larger than usual reduction in borrowing costs that followed growing unease about the health of the US job market."The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges that the risks to achieving its employment and inflation goals are roughly in balance," policymakers on the US central bank's rate-setting committee said in their late...

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