US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) cut the key benchmark rate by 25 basis points, bringing it down to the 3.75-4% range. According to the FOMC statement, "uncertainty about the economic outlook remains elevated." #Watch #FederalReserve​ #FOMC​ #InterestRates #RateCut​ #JeromePowell​ #USEconomy #CNBCTV18Digital | CNBC-TV18

As expected, the Federal Open Market Committee (FOMC) decided to keep the federal funds target range steady at 3.50-3.75% in January, following a sequence of rate cuts at the September, October and December policy meetings last year. We maintain our view that there will be no further rate cuts through 2026 and 2027, with double-sided risks to this outlook as the economy evolves. Find out more in our latest Special Coverage: https://grp.hsbc/specialreport #SpecialCoverage #FOMC #MonetaryPolicy #H