US Fed meet: Jerome Powell-led FOMC cuts rate by 25 basis points; lowest level in almost three years

The Federal Reserve's FOMC reduced its key interest rate by 25 basis points, bringing it to a near three-year low. This move aims to bolster the US economy amidst deteriorating employment conditions, though concerns about inflation persist due to trade tariffs.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/SOuX2iG

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