US Federal Reserve shrugs off political uncertainty, eases rates with quarter-point cut

Quick Summary:

Fed chairman Jerome Powell is expected to be questioned on Thursday about economic impact of Trump’s US election victory.

The Fed’s favoured inflation gauge eased to 2.1 per cent in September, while economic growth has remained robust.

US Federal Reserve chairman Jerome Powell in Washington on Thursday.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Agence France-Presse

Category: Business

Markets: Hong Kong

Topics: Easing Washington Fed’s Cent Federal Rate Reserve Thursday Bank’s Year Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 03:51:58 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 149 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23465082

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 21 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 51 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions