The U.S. Federal Reserve on Wednesday lowered its benchmark interest rate by a quarter percentage point for the third straight time, as policymakers were divided over the decision amid a weakening labor market and stubborn inflation.
The U.S. Federal Reserve held its benchmark interest rate steady for the fifth consecutive time on Wednesday, despite U.S. President Donald Trump's repeated calls for the central bank to lower the rate.
Stocks opened lower on Tuesday, tracking losses on Wall Street, as concerns grow that the U.S. Federal Reserve may continue its aggressive monetary tightening following strong services data.
Korea JoongAng Daily Sitemap
