U.S. central bank was split on rate cut decision

U.S. central bank was split on rate cut decision

[ad_1] Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all. The minutes of the July...
U.S. central bank cuts interest rate for 1st time since 2008

U.S. central bank cuts interest rate for 1st time since 2008

[ad_1] The U.S. central bank cut its benchmark interest rate for the first time in more than a decade on Wednesday, reducing the cost of borrowing in an attempt to stimulate the economy. The Federal Reserve cut the upper range of its core lending rate, known as the...