2024-12-16 20:03
IndustryWeek ahead: Updates from the RBA and SNB eyed; US
The week that was:
Fed hammers home a 50bp cut
At the centre of things last week was the US Federal Reserve (Fed) rate announcement. In an 11-1 vote, the Fed initiated its easing cycle, reducing the target on the funds rate by an outsized 50 basis points (bps). Bringing the overnight rate to 4.75-5.00% marks the first rate cut since early 2020.
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Week ahead: Updates from the RBA and SNB eyed; US
Nigeria | 2024-12-16 20:03The week that was:
Fed hammers home a 50bp cut
At the centre of things last week was the US Federal Reserve (Fed) rate announcement. In an 11-1 vote, the Fed initiated its easing cycle, reducing the target on the funds rate by an outsized 50 basis points (bps). Bringing the overnight rate to 4.75-5.00% marks the first rate cut since early 2020.
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