Most recently, the U.S. Federal Reserve lowered the interest rate at the end of October. Subsequently, Federal Reserve Chairman Jerome Powell explained the decision at a press conference in Washington D.C. (Archive photo). Photo: Kevin Lamarque/Reuters
USA central bank cuts rate for third time this year
For the third consecutive time, the US Federal Reserve (Fed) has lowered its key interest rate by 0.25 percentage points, now ranging from 3.50 to 3.75 percent. This rate cut was expected and is unlikely to significantly impact the market, according to Nykredit’s chief strategist, Frederik...
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