US Fed meet: Rate cut by 25 bps; Powell-led FOMC says economic outlook remains uncertain
The Federal Open Market Committee, led by Chairman Jerome Powell, has reduced the benchmark interest rate by 25 basis points to 3.75-4.00 percent. This move aims to bolster the US economy amidst tariff adjustments and assess the impact of the ongoing government shutdown.
The Federal Open Market Committee, led by Chairman Jerome Powell, has reduced the benchmark interest rate by 25 basis points to 3.75-4.00 percent. This move aims to bolster the US economy amidst tariff adjustments and assess the impact of the ongoing government shutdown.
