US Fed must go big with 50 bps interest rate cut in September or risk recession
The US Federal Reserve announced its interest rate decision in the previous Federal Open Market Committee (FOMC) meeting, leaving the benchmark interest rates unchanged at 5.25 per cent – 5.50 per cent for the eighth straight meeting, in line with Wall Street estimates. Fed chair Jerome Powell-led rate-setting panel ended its fifth policy-setting meeting for … Read more