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Officials were satisfied that the American unemployment rate has stabilised at a low level

The benchmark interest rate went unchanged at 4.25 per cent-4.50 per cent on Wednesday, as forecasters expected

FOMC chairman Jerome Powell said the American economy had made significant progress towards its goals over the past two years

The cut puts the lending rate in the range of 4.5 per cent to 4.75 per cent

Butterfield Bank is reducing its base interest rates on loans and mortgages by 0.25 per cent

A new HSBC report says sequential inflation and higher neutral rates suggest American policy could stay tighter than priced, but this may take time to play out

Bermuda Taxi Owners and Operators Association gathering at Transport Control Department

Federal Reserve chair Jerome Powell was cautiously optimistic but says victory is not yet assured

While not pushing up interest rates, the Fed continues trying to bring inflation down to two per cent

The increases come after a much expected move higher by the US Federal Reserve

Bryan Dooley recommends investors remain defensive in both equity and credit markets

Butterfield raises interest rates after the latest action taken by the US Federal Reserve