The U.S. Federal Reserve has lowered interest rates for the third time this year, cutting its benchmark rate by 0.25 percentage points to a range of 3.5% - 3.75%. Here is what the divided vote means for inflation, jobs, markets and ordinary borrowers worldwide.
Tag: Jerome Powell
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Wall Street Treads Water As Fed Decision Looms And AI Chip Headlines Swirl
U.S. stocks slipped ahead of a key Federal Reserve decision as investors locked in profits and watched AI chip headlines, with Nvidia and other tech leaders still central to the market story.