On Wednesday, the US central bank announced its second rate cut of the year.
The United States Federal Reserve has cut its benchmark interest rate by 25 basis points to 3.75 – 4.00 percent, amid signs of a slowing labour market and continued pressure on consumer prices.
The cut, announced on Wednesday, marks the US central bank’s second rate cut this year.
“Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments.
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