U.S. Bancorp cuts prime lending rate to 7.25% from 7.50%
PositiveFinancial Markets

U.S. Bancorp has announced a reduction in its prime lending rate from 7.50% to 7.25%. This decision is significant as it may encourage borrowing and spending, potentially stimulating economic growth. Lower interest rates can make loans more affordable for consumers and businesses, which is crucial in the current economic climate.
— Curated by the World Pulse Now AI Editorial System