October 29th, 2025 - 06:23 GMT
ALBAWABA- The U.S. Federal Reserve on Wednesday cut its key interest rate for the second time this year, lowering the benchmark federal funds rate by a quarter percentage point to a range of 3.75% to 4%, the lowest level since late 2022, in an effort to support a weakening labor market. The 10-2 vote by the Federal Open Market Committee (FOMC) marks a clear shift from the aggressive monetary tightening ...
