In September 2024, the United States Federal Reserve implemented its first interest rate cut since 2020, lowering key interest rates by how much?
A75 basis points (0.75%)
B25 basis points (0.25%)
C100 basis points (1.00%)
D50 basis points (0.50%)
Explanation
On September 18, 2024, the US Federal Reserve cut interest rates by 50 basis points (0.50 percentage points) to a range of 4.75%-5.00%.
Exam Relevance
- Topic: International & National Current Affairs (September 2024)
- Subtopic: September 2024
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