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 Federal Open Market Committee (FOMC) voted to lower its benchmark funds rate, which governs what banks charge each other for overnight lending and also most forms of revolving consumer credit, in its October 30 meeting. The quarter-point cut, leaving the fed funds...
