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Tag: us federal reserve

  • The US Federal Reserve cuts interest rates by 0.5%

    The US Federal Reserve cuts interest rates by 0.5%

    —

    by

    Mark Camilleri
    in

    The US Federal Reserve has cut down interest rates by 0.5% in a rare and powerful dovish move, despite traders expecting a cut of only 0.25%. The US Federal Reserve’s interest rate is now set in the range between 4.75% and 5%. Inflation for August was record at 2.2% in line with expectations with the…