The US Fed’s Federal Open Market Committee (FOMC) has cut the key benchmark rate by 25 basis points to the 3.75- 4-per cent range—the second rate cut in a row, aimed at safeguarding against rising uncertainties in the job market.
“Uncertainty about the economic outlook remains elevated,” FOMC said.
Indicators suggest economic activity has been moderately expanding, Fed chairman Jerome Powell noted.
“Uncertainty about the economic outlook remains elevated,” FOMC said.
Indicators suggest economic activity has been moderately expanding, Fed chairman Jerome Powell noted.
