BBCNEWS Business Briefing July 14, 2024
We start with the falling cost of borrowing, because the worlds most powerful central bank, the us Federal Reserve, has cut Interest Rates again. The fed has lowered the range for its main Interest Rate by a quarter of a percent to between 1. 75 and 2 . President trump has been pushing for the fed to cut rates to boost a slowing economy and weaken the dollar to help us exporters. So was he happy . Far from it. Heres what he had to say on twitter. The bbcs Samira Hussain was in washington for the fed meeting and sent us this. The Federal Reserve did what most people expected it to made a small ...