New Delhi, Sept. 18 -- The Federal Open Market Committee has decided to lower the target range for the federal funds rate by 0.25 pc point to 4 to 4.25 pc. This move will stimulate economic activity, support businesses, and encourage consumer spending in the US economy, said Hemant Jain, president of PHD Chambers of Commerce and Industry (PHDCCI) in a statement.
Published by HT Digital Content Services with permission from United News of India....