Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. The Fed’s 19 policymakers projected that they will cut their benchmark […] The post Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year appeared first on Unite News.
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. The Fed’s 19 policymakers projected that they will cut their benchmark […]
The post Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year appeared first on Unite News.
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