Thursday, Dec 5 2024 | Time 11:44 Hrs(IST)

UNI Photo

WASHINGTON, Nov. 8, 2024 (UNI/Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Nov. 7, 2024. The U.S. Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. UNI PHOTO-DK1F