Source: United States & Canada – South China Morning PostThe US Federal Reserve on Wednesday lowered interest rates for the first time this year, flagging slower job gains and risks to employment as policymakers face heightened pressure under President Donald Trump.
The Fed cut the benchmark lending rate by 25 percentage points, to a range between 4.0 per cent and 4.25 per cent, while pencilling in two more cuts this year.
Only new Fed Governor Stephen Miran – who has been serving as an economic adviser to Trump – voted against this decision. He…Read More