US Federal Reserve Reduces Interest Rate for the Third Consecutive Time

The US Federal Reserve has announced a quarter-point interest rate cut, marking the third consecutive reduction in 2024. This move reflects the Fed's ongoing efforts to support economic growth amidst global uncertainties and subdued inflation. The rate cut aims to provide a buffer against potential downturns while maintaining moderate economic expansion. Analysts closely watch the Fed's policy shifts for their impact on global markets and investor sentiment.