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

  • The U.S. Federal Reserve cut its benchmark interest rate by half a point, indicating a dramatic policy shift after two years of high rates aimed at taming inflation.
  • This rate cut, the Fed's first in over four years, aims to boost the slowing job market ahead of the presidential election.
  • The central bank lowered the key rate to about 4.8%, down from 5.3%, and plans additional cuts in upcoming meetings.
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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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Sydney Morning HeraldSydney Morning Herald

Strong signal inflation fight is ending as Federal Reserve cuts US interest rates

The US Federal Reserve has cut its benchmark interest rate by an unusually large half-point.

·Sydney, Australia
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CNBCCNBC

The Federal Reserve just cut interest rates by a half point. Here's what that means for your wallet

Since most credit cards have a variable rate, there's a direct connection to the Fed's benchmark

·United States
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