US Federal Reserve cuts interest rates for third time this year
Business
-1.jpg)
To display this content from , you must enable advertisement tracking and audience measurement.
Issued on:
06:59 min
From the show
The US Federal Reserve has cut interest rates for the third time this year, to 4.25-4.5 percent. But the central bank indicated it would likely slow the pace of its rate cuts in the coming year, as prices remain high. Rodney Sullivan, from the University of Virginia's Darden School of Business, says "the signal that the Fed is giving is that they intend to break the back of inflation and bring it down to their target rate of 2 percent". He was speaking to FRANCE 24's Kate Moody.
By:
Advertising
Related keywords