Regions Australia
Interest rates: US Federal Reserve cuts rate but signal slow pace of easing; Australian dollar, equities tumble
The Australian dollar tumbled to a two-year low and investors sold off stocks after US policymakers predicted just two rate cuts in 2025 – less than what the market hoped for.
The Australian dollar tumbled to a two-year low and investors sold off stocks after US policymakers predicted just two rate cuts in 2025 – less than what the market hoped for.
