SINGAPORE (Nov 4): On Oct 30, the US Federal Reserve announced its third interest rate cut this year, a move that was not unexpected.

The central bank’s Federal Open Market Committee lowered its benchmark funds rate by a quarter point, or 25 basis points, to a range of 1.5% to 1.75%.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

SUBSCRIBE NOW