U.S. Federal Reserve announces a cut in the reference interest rate 25 basis points. The interest rate, which controls the cost of mortgages, credit cards and other loans, will now range between 1.75% and 2%. Officials also left the door open for another rate cut this year, reinforcing the message that the government will do everything possible to avoid a recession.
U.S. Federal Reserve announces interest rate cut
2019-09-18T21:43:50.616Z
U.S. Federal Reserve announces a cut in the reference interest rate 25 basis points. The interest rate, which controls the cost of mortgages, credit cards and other loans, saves ...