Editor's PiCK
U.S. cuts benchmark interest rate by 25bp...in line with market expectations
JH Kim
The U.S. Federal Reserve (Fed) Federal Open Market Committee (FOMC) announced on the 10th (local time) in an official statement that it would lower the benchmark interest rate by 25bp. This is in line with market expectations.
As a result, the U.S. benchmark interest rate was lowered to 3.50%~3.75%.
JH Kim
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