Economy

U.S. Fed slashes lending rate by 50 bps in first cut since 2020

Policymakers voted 11-to-1 in favour of lowering the U.S. central bank's benchmark lending rate to between 4.75% and 5.00%, the Fed announced

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Sep 19, 2024 - 20:10
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U.S. Fed slashes lending rate by 50 bps in first cut since 2020
Policymakers voted 11-to-1 in favour of lowering the U.S. central bank's benchmark lending rate to between 4.75% and 5.00%, the Fed announced
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