The Fed Officially Cuts Interest Rates
The Federal Reserve finally lowered its benchmark interest rate by 25 basis points at its policy meeting today (September 17).
This decision marks a shift in the US central bank's stance to resume supporting the labor market amid the threat of an economic slowdown, even though inflation remains above its 2% target.
The next focus will be on Jerome Powell's press conference after this decision.
Source: Newsmaker.id