The US Federal Reserve left the fed funds rate range unchanged earlier this week at 1.50% to 1.75%, indicating that it intends to remain sidelined for the moment. Both comments made by Fed Chairman Jerome Powell and the Fed statement confirmed this as the central...
The U.S. Federal Reserve cut interest rates for the first time in more than a decade on Wednesday 31 July, citing “implications of global developments for the economic outlook as well as muted inflation pressures”. Fed Chairman Jerome Powell said the cut was to...
