The US central bank, the Federal Reserve, lowered the interest rate by 0.25% to 3.75%. This is the bank's third consecutive rate cut, which hinted that the pace of reductions is expected to slow down in the future. Members of the Fed's Open Market Committee (FOMC), led by bank chairman Jerome Powell, made the decision after a two-day meeting in which they assessed the economic conditions in the American economy.
For the third consecutive time: US lowers interest rate by 0.25%, to 3.75%
Shir Reiter, Calcalist|
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