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Thu, 14 Nov 2019 14:31 GMT

US Federal Reserve Signals Possible Interest Rate Cuts

Politics

7Dnews London

Wed, 19 Jun 2019 18:19 GMT

The Federal Reserve on Wednesday June 19th opened the door to a cut in interest rates soon, saying that uncertainties around the economic outlook are on the rise and vowing to act to keep the economy growing, AFP has reported.

The policy-setting Federal Open Market Committee kept the key rate in the 2.25-2.5 percent range but said "uncertainties about this outlook have increased" and the Fed "will act as appropriate to sustain the expansion."

US & Canada