US Fed cuts interest rate by 50 basis points, more to come
The Fed announced a cut of 50 basis points and lowered its key rate to roughly 4.8 per cent, Associated Press ( AP) reported. This is down from a two-decade high of 5.3 per cent, where it had stood for 14 months, as it struggled to curb the worst inflation streak in four decades.
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Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
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The White House chief of staff recalled how Biden came into office with what he described as “a once-in-a-generation pandemic ...
With the presidential election less than two months away, a drop in interest rates could be good news for the Democratic ...
The Federal Reserve on Wednesday afternoon (September 18th local time) lowered the federal funds rate to the range of 4.75 ...
The average credit card interest rate is almost certain to go down next year. But will it give consumers any relief? Find out ...
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis ...
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