United States Federal Reserve has announced a quarter percentage point cut in interest rates.It is the first rate cut since the global financial crisis broke in 2008. The Fed has cited concerns about the global economy and lower US inflation among the key reasons for the decision to cut rates and signalled a readiness to… Continue reading Explained: Significance of US Federal Reserves rate cut and its impact on India
Tag: Federal bank
U.S. Fed cuts interest rate for first time since 2008
The United States Federal Reserve has announced that it would cut the interest rates for the first time since a decade. Fed Chairman cited global weakness, simmering trade tensions and a desire to boost too-low inflation as the reasons for the central bank’s decision to cut the interest rates. This rate reduction was the first… Continue reading U.S. Fed cuts interest rate for first time since 2008
