20-09-2024, 01:30 AM
SINGAPORE: The Federal Reserve has lowered interest rates for the first time in four years – and in a big way.
The United States central bank on Wednesday (Sep 18) announced a 50-basis-point reduction in its key lending rate to between 4.75 per cent and 5 per cent. While a rate cut was largely anticipated, the size of it came as a surprise for some.
https://www.channelnewsasia.com/singapor...ge-4617951
The United States central bank on Wednesday (Sep 18) announced a 50-basis-point reduction in its key lending rate to between 4.75 per cent and 5 per cent. While a rate cut was largely anticipated, the size of it came as a surprise for some.
https://www.channelnewsasia.com/singapor...ge-4617951