The US Federal Reserve (Fed) yesterday cut interest rates by 0.25 per cent and indicated a slower pace of cuts in the future.
The economic outlook is uncertain, it said.
The central bank’s key lending rate was lowered to between 4.25 per cent and 4.5 per cent.
Since earlier in the year, labour market conditions have generally eased, and the unemployment rate has moved up, but remains low.
The US Federal Reserve (Fed) yesterday cut interest rates by 0.25 per cent and indicated a slower pace of cuts in the future.
The economic outlook is uncertain, it said.
The central bank’s key lending rate was lowered to between 4.25 per cent and 4.5 per cent.
Since earlier in the year, labour market conditions have generally eased, and the unemployment rate has moved up, but remains low.