A Oneindia Venture

US Fed FOMC Meeting Live Updates: Fed Cuts Rate By 25 Bps For The First Time In 9 Months; US Market End Mixed

On an expected line, US Federal Reserve has reduced its key fund rates by 25 basis points on September 17. This is the first rate cut in 9 months. However, FOMC also signalled that 'uncertainty about the economic outlook remains elevated."

FOMC will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.

US Fed FOMC Meeting Live Updates: Fed Cuts Rate By 25 Bps; US Market End Mixed

US market closed on a mixed note with Dow Jones outperforming S&P 500 and Nasdaq.

LIVE Feed

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+