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Top The Hindu News
Federal Reserve · WashingtonThe Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.See the Story
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
52% Center coverage: 256 sources
Asian Economy · PakistanSaudi Arabia and nuclear-armed Pakistan have signed a formal mutual defence pact, state media from both countries said, in a move that significantly strengthens a decades-long security partnership.
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Saudi Arabia signs mutual defence pact with nuclear-armed Pakistan
46% Left coverage: 26 sources
