Skip to main content

US Federal Reserve cuts interest rates for third time this year

Business
BUSINESS
BUSINESS © FRANCE 24
From the show
Business

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.

Page not found

The content you requested does not exist or is not available anymore.