US Fed Cuts Interest Rates For Second Time Since 2008

20 Eylül 2019

The US central bank has cut interest rates for only the second time since 2008, amid concerns about slowing global growth and trade wars. As expected, the Federal Reserve lowered the target range for its key interest rate by 25 basis points to between 1.75% and 2%. Mr Powell said policymakers decided on a second cut after global growth slowed and trade tensions worsened over the summer.
 
Source: BBC
Post by : Republic of Turkey Ministry of Trade