The Federal Reserve cuts interest rates by 25 basis points

The Federal Reserve's 2024 annual interest rate decision has come to an end. The bank decided to cut the benchmark interest rate by 25 basis points to the range of 4.25%-4.50%, the third consecutive rate cut, which is in line with expectations. In the eight decisions this year, the Federal Reserve has cut interest rates by 100 basis points, including one 50 basis point cut, two 25 basis point cuts, and five other cuts to keep interest rates unchanged. (Jinshi)