The US Federal Reserve has cut interest rates by 0.25% for the first time since 2008, as concerns mount over the global economy and weak inflation, but a lack of clear guidance as to the central bank's next move sent markets down.
The central bank trimmed interest rates to a range from 2.25% to 2% in a widely expected moved, following support from eight of its policy committee members to cut, while two were against. However,...
'People miscalculate how much they need'
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Could lose 97% of investment
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