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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Equity Markets Rally After Jumbo US Rate Cut

The Japanese yen has tumbled more than 10 percent against the dollar this year. (Credit: AFP)

Asian markets rallied Thursday after the Federal Reserve announced a bumper interest rate cut and pledged a series of further reductions that boosted sentiment.

After a keenly awaited meeting, the US central bank decided to lower borrowing costs for the first time since the start of the pandemic by opting for a half-point reduction.

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