ISTANBUL  The US Federal Reserve slashed its benchmark federal funds rate by 25 basis points Wednesday, between the 4% - 4.25% target range, as widely expected. This marked the first rate cut this year, as the bank had held the rate unchanged in the five previous meetings. The Fed stated that recent data showed that the growth of economic activity moderated in the first half of the year. "Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and

Tag-uri: Inflatie