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US Federal Reserve Cuts Interest Rates To 3-Year Low
(MENAFN- Khaleej Times)
The US Federal Reserve lowered its benchmark rate on Wednesday, sending borrowing costs to the lowest in almost three years.
At the end of their two day meeting, the Federal Open Markets Committee, chaired by Jerome Powell, lowered the federal funds rate to between 3.50 per cent and 3.75 per cent.
Recommended For YouInvestors currently anticipate the Fed will deliver two more quarter-percentage-point rate reductions by the end of 2026, leaving its benchmark policy rate in the 3.00-3.25 per cent range.
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