US interest rates slashed amid recession fears

from Peter Ryan_ABC News Soundcloud · host Peter Ryan

In a move that could influence other central banks around the world, the US Federal Reserve has cut interest rates by a larger-than-usual half a percentage point. Federal Reserve chairman Jerome Powell says the US economy remains strong, but he's flagged the likehood of more rate cuts to protect the softening US jobs market amid fears about a recession by the end of the year. Reporter: Peter Ryan, Senior Business Correspondent Featured: Jerome Powell, chairman, US Federal Reserve Keywords:

Episode metadata supplied by the publisher feed · Published Sep 18, 2024

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US interest rates slashed amid recession fears

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