PiCK
The U.S. Federal Reserve cuts the benchmark interest rate by 0.25%p, meeting market expectations
JH Kim
Summary
- The Federal Reserve announced a 0.25%p cut in the benchmark interest rate.
- This cut marks the third consecutive reduction since September.
- The benchmark interest rate has fallen to 4.25%~4.50%.
The U.S. Federal Reserve (Fed) Federal Open Market Committee (FOMC) announced in an official statement on the 18th (local time) that it would cut the benchmark interest rate by 0.25%p.
This marks the third consecutive cut following the 'big cut' of 0.5%p in September. As a result, the U.S. benchmark interest rate has fallen to 4.25%~4.50%.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
