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. todaySeptember 23, 2024 12
insert_link Business / Economics US central banks keeps interest rate unchanged and hits at just one future cut The US Federal Reserve says it intends to bring down interest rates by the end of the year — but only once, quashing any expectations of much sharper cuts. The country's central bank left borrowing costs on hold between 5.25%-5.5%, a 23-year high. As our correspondent Benji Hyer reports. todayJune 13, 2024 35