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    Josia Shigwedha

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    Josia Shigwedha

Fed

2 Results / Page 1 of 1

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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

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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