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3 Jan 2025 8:59
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  •   Home > News > Business

    The US Federal Reserve has cut interest rates by a quarter of a percentage point

    The US Federal Reserve has cut interest rates by a quarter of a percentage point


    It's lowered the cash rate to, 4.5 to 4.75 percent.

    The central bank says the job market has eased, economic activity is expanding at a solid pace, and inflation is moving back to the central bank's two-percent target.

    Australia's Reserve Bank kept its cash rate unchanged earlier this week.

    Our Reserve Bank is expected to its Official Cash Rate by 50 basis points later this month.

    © 2025 Newstalk ZB, NZCity

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    Business:
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