{"id":857844,"date":"2024-09-20T10:50:23","date_gmt":"2024-09-20T05:20:23","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=857844"},"modified":"2024-09-20T10:50:23","modified_gmt":"2024-09-20T05:20:23","slug":"us-federal-reserve-cut-interest-rates-by-50bps-for-the-first-time-since-early-2020","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/20\/us-federal-reserve-cut-interest-rates-by-50bps-for-the-first-time-since-early-2020\/","title":{"rendered":"US Federal Reserve cut interest rates by 50bps for the first time since early 2020"},"content":{"rendered":"<p>The US Federal Reserve cut interest rates on Wednesday for the first time since early 2020, the clearest signal yet that central bankers believe they are winning their years-long battle against rapid inflation.<\/p>\n<p>Fed officials slashed borrowing costs by half a percentage point, an unusually large reduction. The decision lowers rates to about 4.9 per cent, down from a more than two-decade high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Federal Reserve cut interest rates on Wednesday for the first time since early 2020, the clearest signal yet that central bankers believe they are winning their years-long battle against rapid inflation. Fed officials slashed borrowing costs by half a percentage point, an unusually large reduction. The decision lowers rates to about 4.9 per cent, down from a more than two-decade high.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83,4,22],"tags":[],"class_list":["post-857844","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/857844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=857844"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/857844\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=857844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=857844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=857844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}