Fed minutes indicate rate cut likely in September

New Delhi [India], August 22 (ANI): The majority of the Fed members, in the latest monetary policy meeting, indicated a policy rate cut in the September meeting, stated the Fed minutes released on Wednesday.

In the latest meeting held on July 30-31, 2024, the Federal Open Market Committee (FOMC) decided to maintain the target range for the federal funds rate at 5.25 to 5.5 per cent.

"The vast majority observed that, if th