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The US Fed reduces interest rates to 25bps. JEROME POWELL Hint, ‘2 more in 2025’ -THE Economic Times Video
The US Federal Reserve Bank lowered interest rates for the first time this year, lowering the benchmark policy rate to the 25 -Basispoint to 4% -4.25%. This movement indicates the beginning of a monetary relief cycle to support the slowdown in the labor market, even if inflation continues to increase. The FED said the Commission will evaluate the coming data, evolution prospects and risks for further adjustment of interest rates. Jerome Powell’s Federal Reserve Chairman said on Wednesday that the majority of the Fed have been cut at least twice this year, while such movements remain conditional for data and evolution. “We are not on the preliminary road,” he emphasized.
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