US Federal Reserve cuts key interest rate by half-point for the first time in four years
Bringing down inflation to 2% is a primary goal and the Fed has used interest rates to draw money out of the economy by making borrowing more costly.
Thursday 19 September 2024 08:45, UK
US interest rates have been slashed for the first time in more than four years, by more than many expected amid fears the world's largest economy is flagging.