US Fed cuts rates by 50 basis points
The dovish cut is the first by the Fed since March 2020 during Covid, and there could be two more smaller cuts on the way before the end of the year.
The US Fed’s Federal Open Market Committee has voted 11 to 1 to lower the federal funds rate by 50 basisi points (bps) to a range of 4.75% to 5%, after holding it for more than a year at its highest level in two decades.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
