ISTANBUL: US Federal Reserve Chair Jerome Powell said Wednesday that inflation in the US “eased substantially” after the central bank delivered its first interest rate cut in more than four years.

The Fed lowered the interest rate by 50 basis points …

ISTANBUL: Major US stock exchanges closed Wednesday with losses after the Federal Reserve delivered its largest interest rate cut in 16 years.

The Dow Jones industrial average fell 103 points, or 0.25%, to end the session at 41,503. The SandP 500 los…