Thu, 19 Sep 2024 05:13:38 GMT
Fed cuts rates more than expected
The United States Federal Reserve has cut interest rates more than the markets expected. The Fed has cut 0.50% instead of 0.25%. The larger than expected USD rate cut initially caused a USD decline, as the demand for USD to pay off loans is set to decrease.
Afterwards, the Dollar recovered as soon as the press conference of the Chairman