The US Federal Reserve (Fed) lowered its benchmark rate by 25 basis points to a range of 3.50%-3.75% at Wednesday’s meeting.
Fed Cuts Rates by 0.25%, Many Regional Governors Dissent, US Dollar Breaks Below Key Support; Bank of Canada Holds Rates at 2.25%; Silver Nears $63 for New All-Time High; Australian Unemployment Rate Unchanged; Swiss National Bank Expected to Hold Rates