Today news
About the same in other media
Federal Reserve cuts rates by 25bps amid persistent economic growth
Reading now: 802
investmentweek.co.ukThe Fed's move marked a slight departure from the much larger cut that took place in September, when the Federal Open Market Committee (FOMC) slashed rates by 50bps. In a meeting on Thursday (7 November), the FOMC took notice of recent indicators suggesting US economic activity has continued to grow «at a solid pace». «Since earlier this year, labour market conditions have generally eased, and the unemployment rate has moved up, but remains low,» the FOMC noted. In October alone, the US economy added only 12,000 jobs, significantly below the downwardly-revised 223,000 jobs created a m...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Posthaste: Why the Bank of Canada may have to cut rates deeper than its global peers financialpost.com /15 hours ago
Czech central bank cuts key interest rate to 4% as inflation stays low abcnews.go.com /16 hours ago
Decision Day Guide: US Fed set to cut rates again as post-election uncertainty grows economictimes.indiatimes.com /19 hours ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
