US Federal Reserve cuts interest rate to 3.5–3.75%

US Federal Reserve cuts interest rate to 3.5–3.75%

The Federal Reserve System (FES), which performs the functions of the US central bank, has lowered the interest rate to an annual range of 3.5 - 3.75%.

Axar.az reports that this was stated in a statement on the results of the Federal Committee meeting.

Source: en.axar.az