18/09/2024 22:13 (UTC)

The Fed opts for an aggressive start to cuts and lowers rates by half a point in the US

New York (United States), Sep 18 (EFE).- The US Federal Reserve (Fed) began a cycle of rate cuts on Wednesday with an aggressive reduction of half a point instead of a quarter, although its president, Jerome Powell, ruled out that this will be the usual pace of falls and explained that the regulator will calibrate its policy of cuts "without haste" and depending on how the economy evolves.

FOOTAGE FROM THE NEW YORK STOCK EXCHANGE (UNITED STATES).

CAMERA: JUSTIN LANE.

Metadata

Date: 18/09/2024 21:27 (UTC)
Credit: EFE
Source: EPA
Topic: Economy, business and finance » Macro economics
Economy, business and finance » Market and exchange » Securities
Economy, business and finance » Market and exchange
Economy, business and finance
Type: Rough cut
Duration: 96 seconds
Reference: 55014704210
Relevance: Normal