US Fed cuts interest rate by 50 basis points, more to come
The Fed announced a cut of 50 basis points and lowered its key rate to roughly 4.8 per cent, Associated Press ( AP) reported. This is down from a two-decade high of 5.3 per cent, where it had stood for 14 months, as it struggled to curb the worst inflation streak in four decades.
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Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
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The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis ...
With the presidential election less than two months away, a drop in interest rates could be good news for the Democratic ...
Spurred on by the Federal Reserve Board's half-point cut in interest rates, the stock market closed out a buoyant week on ...
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates ...
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