Fed Unveils Oversized Rate Cut as It Gains 'Greater Confidence' about Inflation

2024-09-19T040820Z_370324389_RC273AAS819K_RTRMADP_3_USA-FED-INVESTORS
WASHINGTON (Reuters) – The U.S. central bank on Wednesday kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction that Federal Reserve Chair Jerome Powell said was meant to show policymakers’ commitment to sustaining a low unemploym...

New contents