WASHINGTON: The US Federal Reserve shrugged off political uncertainty in Washington and moved ahead with a quarter-point rate cut on Thursday, easing monetary policy further as inflation continues to cool.
Policymakers voted unanimously to lower the central bank´s key lending rate to between 4.50 percent and 4.75 percent, the Fed announced in a statement.
“Labour market conditions have generally eased” since earlier in the year, the Fed said, noting ongoing progress to bring inflation down toward the bank´s long-term target of two percent.
Representational image of empty streets and closed shops in central Maputo ahead of a ruling on disputed elections on...
The flag of Serb Republic on a building in East Sarajevo, Bosnia and Herzegovina, January 9, 2023. —...
US President Joe Biden speaks as he visits the Department of Labor for an event honoring the nation's labor history...
Japanese foreign minister Takeshi Iwaya pictured in a Christmas event in Beijing. — AFP/FileBEIJING: Japanese...
A woman shovels snow on the main street during snowstorm in Sarajevo, Bosnia and Herzegovina, December 24, 2024.—...
A firefighter works at the site of residential buildings hit by a Russian drone strike in Kharkiv, Ukraine on December...
