In a move to bolster the labour market and address slowing inflation, the US Federal Reserve has slashed its key lending rate by 50 basis points—the first cut since the pandemic. This unexpected rate reduction signals two more potential cuts in 2024. Zoya Springwala explains why the market could be divided on the impact, with concerns over the scale of the cut.
first published: Sep 19, 2024 05:10 pm
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