Washington: The US Federal Reserve, the central bank, has reduced its benchmark interest rate by 25 basis points, adjusting it to a range of 3.75 to 4 percent. This decision was announced as part of its efforts to address potential downside risks to employment that have emerged in recent months.
According to Qatar News Agency, the Federal Reserve highlighted in its statement on Wednesday that it will resume limited purchases of Treasury securities. This move comes in response to signals of tightening liquidity within financial markets, a condition that the US central bank is committed to preventing. The statement further indicated that while economic activity is expanding at a moderate pace, job gains have decelerated this year, and the unemployment rate has experienced a slight increase but continues to be low as of August.