US interest rates have been slashed for the first time in more than four years, by more than many expected amid fears the world’s largest economy is flagging.
Bringing down inflation to 2% is a primary goal and the Fed has used interest rates to draw money out of the economy by making borrowing more costly.
Read more: https://news.sky.com/story/donald-trump-assassination-attempt-kamala-harris-us-election-swing-states-joe-biden-skynews-live-blog-polling-13209921
#skynews #usa #interestrates #economy
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
