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.
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
Economists weigh in on the United States cutting interest rates will influence the RBA to do the same in the near future.
Spurred on by the Federal Reserve Board's half-point cut in interest rates, the stock market closed out a buoyant week on ...
The Federal Reserve slashed interest rates aggressively Wednesday ... “Democracies around the world, countries that are ...
The average credit card interest rate is almost certain to go down next year. But will it give consumers any relief? Find out ...
With the presidential election less than two months away, a drop in interest rates could be good news for the Democratic ...
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates ...
The National Association of Realtors released a report on Thursday showing a sharp pullback by U.S. existing home sales in the month ...
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