For the first time in 4 years, the Federal Reserve cut interest rates by 50 basis points to start an easing cycle
On September 18, U.S. Federal Reserve Chairman Powell attended a press conference in Washington.
The U.S. Federal Reserve announced on the 18th that it would lower the target range of the federal funds rate by 50 basis points to a level between 4.75% and 5.00%. This is the first interest rate cut by the Federal Reserve since March 2020, and it also marks a shift from a monetary policy tightening cycle to an easing cycle.
