Fed Cuts Rates by 25bps to 4.5%, Meeting Market Expectations

Quick Summary:

The Federal Reserve has announced a 25-basis-point reduction in interest rates, bringing the federal funds rate to 4.5%.

This marks the third consecutive rate cut since September’s 50-basis-point adjustment.

The move, anticipated by market analysts, reflects the central bank’s ongoing efforts to balance economic growth with inflation management.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: FED Fed cuts rates to 4.5% Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 11:09:57 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24547718

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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