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POWELL-LED FOMC SLASHES RATES BY 25 BPS
The Free Press Journal - Mumbai
|September 18, 2025
The US central bank's Federal Open Market Committee (FOMC), led by Chairman Jerome Powell announced a benchmark interest rate cut at 4%-4.25% today, following its two-day meeting from September 16 to September 17, Mint reported.
The Federal Reserve is anticipated to announce the principal interest rates amid a significant decline in United States economic data, particularly within the labour market, thereby increasing forecasts that the central bank will decrease its benchmark interest rate by 25 bps.
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