PiCK

U.S. cuts benchmark interest rate by 25bp...in line with market expectations

Source
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%.

photo=Shutterstock
photo=Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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