Urgent: U.S. Fed cuts interest rate by 25 basis points-Xinhua

Urgent: U.S. Fed cuts interest rate by 25 basis points

Source: Xinhua

Editor: huaxia

2025-09-18 02:04:30

WASHINGTON, Sept. 17 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points, the first rate cut since December 2024.