Urgent: U.S. Fed slashes rates by 25 basis points amid weakening labor market

By Xiongmaoling Xuyuan

World
Friday, 08 Nov 2024
3:01 AM MYT

WASHINGTON, Nov. 7 (Xinhua) -- The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle.

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