insert_link Business / Economics Local economist provides his perspective on the U.S Fed’s move to cut interest rates The U.S. Federal Reserve has implemented a significant half-percentage-point interest rate cut, exceeding typical reductions. According to Reuters, Federal Reserve Chair Jerome Powell stated the decision underscores policymakers' commitment to maintaining low unemployment as inflation continues to ease. Local economist Gabriel Erastus also provided his perspective on the move. today23 September, 2024
insert_link Business / Economics Fed keeps rates unchanged The Federal Reserve has left interest rates unchanged at its two-day meeting, but suggested a September rate cut could be on the cards. The central bank said inflation was getting closer to its 2% target, but there's still work to do. Sally Patterson reports from New York. today1 August, 2024
