Fed Chair Jerome Powell Signals Possible Future Rate Cuts After 25bps Reduction
Following today’s 25 basis point cut, Jerome Powell indicated the U.S. Federal Reserve may consider further easing depending on economic conditions.
Summary
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Terms & Concepts
Basis Points (bps): A unit of measure for interest rates, equal to one hundredth of a percentage point.
Federal Reserve (U.S. central bank): The central banking system of the United States, responsible for monetary policy and regulation of financial institutions.