The US Federal Reserve has announced a reduction in interest rates for the first time since the pandemic, as widely anticipated. In a statement, the Federal Open Market Committee (FOMC) declared a 50 basis points (bps) rate cut in September, marking the first such cut in over four years. The current interest rates now range … Continue reading US Federal Reserve Cuts Interest Rates After Four Years: A 50 bps Reduction, More Cuts Expected This Year