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7 hours ago · On Wednesday, the Federal Reserve cut interest rates for the first time since the early days of the COVID-19 pandemic, slashing its benchmark rate by half a percentage point and signaling more ...
1 day ago · Feds cut interest rate for first time since 2020. Here’s what that could mean for your wallet. 02:45 It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than ...
1 day ago · The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal of relief for borrowers.. Few areas of the economy ...
Jan 21, 2015 · Called "petrichor" in English, alimuom's distinctive smell finally has a scientific explanation. Scientists at the Massachussetts Institute of Technology (MIT) pinned down the explanation with the help of high-speed cameras trained on raindrops falling on 28 types of surfaces in some 600 separate experiments.
For the many people outside of the US invested in the US stock market, a cut is also likely good news. Lower interest rates tend to boost stock prices for two reasons. First, it means companies ...
2 days ago · The Fed, after 5.25 percentage points of increases between March 2022 and July 2023, lowered its key rate to 4.75%-5.00% to address rising worries about the cooling labor market. Financial markets ...
1 day ago · The US Federal Reserve's decision to cut interest rates by 50 basis points, bringing the benchmark rate between 4.75 per cent to 5.00 per cent, signals a shift from its aggressive inflation fight to sustaining economic growth. With inflation down to 2.5 per cent and unemployment ticking up, the move aims to balance these forces.
