Flexing a ten-year old muscle…
The US Federal Reserve has cut its main interest rate for the first time in ten years, but will it have a knock-on effect? Source: US Federal Reserve The last time the US central bank, the Federal Reserve, cut its main interest rate was in December 2008, in response to the fallout from the financial crisis. That last drop was preceded by nine interest rate cuts since September of the previous year. The final 2008 cut, ten days before Christmas, took the Federal Funds rate dow