By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    PM Shehbaz welcomes establishment of Mashreq Digital Bank
    September 16, 2025
    US issues fresh Iran-related sanctions
    September 16, 2025
    Pakistan enters experiment phase of digital currency
    September 12, 2025
    Apple delays iPhone Air release in China due to pending eSIM approval
    September 12, 2025
    Pakistan to issue $1bn in Panda bonds through Chinese capital market
    September 11, 2025
  • Politics
    PoliticsShow More
    TikToker Samiya Hijab forgives kidnapping, harassment suspect ‘for Allah’
    September 16, 2025
    A threat note written by the suspect in Kirk’s murder was connected by DNA: FBI
    September 16, 2025
    Trump to file $15bn defamation, libel lawsuit against New York Times
    September 16, 2025
    Islamabad High Court orders removal of PTA chairman
    September 16, 2025
    PM Shehbaz scheduled to meet MBS in Riyadh
    September 16, 2025
  • Technology
    TechnologyShow More
    Apple’s iOS 26 introduces a temporary issue along with liquid glass magic.
    September 16, 2025
    Meta to debut costlier smart glasses with display
    September 16, 2025
    YouTube introduces new AI tools for Shorts creators
    September 16, 2025
    Dubai Airport begins installing AI-powered 3D scanners
    September 16, 2025
    Apple’s live translation feature for AirPods unavailable in EU at launch
    September 11, 2025
  • Sports
    SportsShow More
    Pro Hockey League 2025-26: Pakistan to open campaign in Argentina in Dec
    September 16, 2025
    Afghanistan pacer Naveenul Haq out of Asia Cup
    September 16, 2025
    ICC rejects PCB’s demand to remove match referee Pycroft
    September 16, 2025
    According to Atta Tarar, India has militarily defeated and is now politicizing sports.
    September 16, 2025
    SC withdraws security for widows of retired judges
    September 16, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: A US interest rate bump is intended to strengthen the faltering economy.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > A US interest rate bump is intended to strengthen the faltering economy.
BusinessEcnomicsUnited States

A US interest rate bump is intended to strengthen the faltering economy.

Amid concerns that the largest economy in the world is faltering, the US has cut interest rates for the first time in more than four years, more than many had anticipated.

Last updated: 2024/09/19 at 8:08 AM
Published September 19, 2024
Share
2 Min Read
SHARE

The Federal Reserve, the US central bank, lowered interest rates to 4.75% to 5% by 0.5 percentage points.
The US interest rate is not a fixed percentage like in the UK, but rather a range that serves as guidance to lenders.

The Fed’s main objective is to reduce inflation to 2%, and since the price shock that hit Ukraine and Russia in 2022, it has utilized interest rates to pull money out of the economy by making borrowing more expensive.
The Fed is not far from its inflation objective, according to recent data, with the primary indicator reaching 2.5% in August, the lowest level since it.

However, indications of a flagging economy surfaced last month when job creation figures stoked concerns about a recession.

In its statement, the Fed made it clear that although it remained optimistic about the prospects for growth and inflation, it was concerned about the rate at which hiring was occurring.

On the 0.5 percentage point drop, there was only one dissenting vote among its rate-setting committee members. Participants in the financial markets have disagreed on whether to choose the 0.25 alternative instead.

Following the announcement, US markets surged, with the Dow Jones Industrial Average and the S&P 500 as a whole rising by more than 0.5% from flat levels just moments before the rate decision was made public.

You Might Also Like

Petrol price in Pakistan remains unchanged

China and the US reach a TikTok framework agreement before the Trump-Xi call

Israel under ‘propaganda siege’ by China, Qatar: Netanyahu

Trump confirms US strike destroyed Venezuelan drug vessel, killing 3

Trump to file $15bn defamation, libel lawsuit against New York Times

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 19, 2024 September 19, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article The Budapest company connected to the explosive pagers that killed members of Hezbollah.
Next Article Harvey Weinstein enters a not guilty plea to a new New York sex offense charge.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

The 2025 commerce results are announced by the Karachi Board. Check here
Education Pakistan September 16, 2025
Pakistan, UAE agree to boost cooperation on cashless economy
News Pakistan September 16, 2025
Pro Hockey League 2025-26: Pakistan to open campaign in Argentina in Dec
Pakistan Sports September 16, 2025
Afghanistan pacer Naveenul Haq out of Asia Cup
Sports September 16, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?