On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]
sekar nallalu Cryptocurrency,Federal Reserve,FOMC,Inflation,Interest Rate Cut,jerome powell,Monetary Policy,News Bytes,News Bytes 1,U.S. economy Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020 – News Bytes Bitcoin News