FOMC Archives - Topnewsplus

Fed Rate Decision: Jerome Powell announces 25-basis-point rate cut as widely expected

Topnewsplus23 hours ago04 mins

Fed FOMC Policy Decision: Federal Reserve Chairman Jerome Powell on Wednesday announced a reduction of 25 basis points in the United States’ key lending rate — known formally as the federal funds rate — as widely expected by economists. After the latest policy action, the benchmark interest rate in the world’s largest economy stands adjusted…

Will Fed Chair announce rate cut today? Key things to know before FOMC statement

Topnewsplus1 day ago06 mins

Is the Fed set to announce a rate cut on Wednesday, September 17, the second day of its Federal Open Market Committee’s periodic review? Globally, markets are pricing in a cut in the federal funds rate — the main American interest rate — to the tune of 25 basis points (bps) to 4-4.25 per cent…