Fed cuts key rate by 0.5 point

Fed cuts key rate by 0.5 point

Federal Reserve Chair Jerome Powell holds a press conference in Washington on Sept. 18, 2024, after the Fed decided at a policy-setting meeting to reduce its key interest rate by a larger-than-usual 0.5 percentage point, its first rate cut in four and a half years.

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  • ILEA003321316
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  • Kyodo / Kyodo News Images
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  • 2024 Kyodo News
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