ECONOMYNEXT – The US Federal Reserve cut is policy rate by 25 basis points and said it was halting quantity tightening, citing unemployment though inflation was still high. “Available indicators suggest that economic activity has been expanding at a moderate pace,” the Federal Reserve said a statement. “Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. “Inflation has moved up since earlier in the year and remains somewhat elevated. The Committee decided to conclude the reduction of its aggregate securities holdings on December…
US Fed cuts rates to 3.75-4.0-pct band, halts quantity tightening
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth