FX.co ★ 19.09.2024: Fed Chairman gives bearish message for USD (EUR/USD, Brent crude, and RUB)

For the first time in four years, the Federal Reserve has cut its interest rates. The federal funds rate was slashed by 50 basis points at once. This step is justified not only by the steady slowdown in inflation but also by the US central bank’s fears about the possible slide of the economy into recession.

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