THE rate cut in the United States has finally come after many false dawns. It was a jumbo cut of 0.5% or 50 basis points (bps), bringing the rate to the 4.75% to 5% range.
While the futures and bond markets expected the cut, arguments were made that the central bank would choose a more conservative 25 bps reduction.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
