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Federal Reserve slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

  • The Federal Reserve has cut its benchmark interest rate by half a percentage point, the first reduction in four years, indicating a shift in economic policies.
  • The new interest rate is now between 4.75% and 5% amid concerns that the U.S. Economy may be weakening.
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The HinduThe Hindu

U.S. Fed slashes lending rate by 50 bps in first cut since 2020

Policymakers voted 11-to-1 in favour of lowering the U.S. central bank's benchmark lending rate to between 4.75% and 5.00%, the Fed announced

·India
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CBC NewsCBC News

U.S. Federal Reserve cuts interest rates by half a percentage point

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market.

·Canada
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Daily MirrorDaily Mirror

Federal Reserve signals end to inflation fight with half point interest rate cut

The Fed's policymakers also indicated that they plan to cut their key rate by an additional half-point in their final two meetings this year, in November and December. They foresee four more rate cuts in 2025 and two in 2026

·London, United Kingdom
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Hindustan TimesHindustan Times

US Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight

The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.

·New Delhi, India
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abc Newsabc News

Fed cuts interest rates a half point in landmark policy shift

"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.

·United States
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CNNCNN

The Fed just announced a jumbo-sized interest rate cut

The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020.

·Atlanta, United States
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