Lebanon Today
Global markets are turning their attention to the anticipated decision from the US Federal Reserve, where a cut in interest rates is expected to be announced next Wednesday.
This step aims to boost economic growth and comes as a continuation of a similar decision taken last December.
Expectations indicate that the reduction will be by a quarter of a percentage point, so that the federal funds rate settles in a range between 3.75% and 4.00%.
Although this rate does not directly affect consumer loans, it is an important indicator of interest rates in various economic sectors.
This decision comes amid continuous criticism from President “Donald Trump” of the central bank’s policies, his demands for larger cuts, in addition to hints of a possible change of its head “Jerome Powell.” (“Al-Ain”)
source: 961 today
