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For the first time in four years, the United States Federal Reserve has lowered the key interest rate, reducing it by half a percent to a range of 4.75 to 5 percent. This significant move aims to ease inflationary pressures and improve the labor market.
The rate cut is expected to provide relief to American borrowers and ease the financial burden on consumers who have been grappling with high living costs. Federal Reserve Chairman Jerome Powell noted that while the US economy is performing well, it remains distant from the Reserve's 2% inflation target.
This decision aligns with similar actions taken by central banks in Europe and Canada and had been anticipated by financial experts.
A day after President Donald Trump authorized a high-stakes strike on Iran’s nuclear program, the United States claimed it had inflicted significant damage
Recent analysis by the financial portal "Moite pari" indicates that interest rates on bank deposits are starting to climb, particularly noticeable among smaller banks over the past year
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U.S. Secretary of State Marco Rubio extended congratulations to the Russian people on the occasion of Russia Day, marked annually on June 12
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A day after President Donald Trump authorized a high-stakes strike on Iran’s nuclear program, the United States claimed it had inflicted significant damage
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The European Commission has confirmed that Bulgaria meets the inflation criterion necessary for joining the eurozone
Serbian President Aleksandar Vucic has stated that Serbia has been secretly rearming its military in recent years
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