benchmark

In a move to boost the economy as inflation cools, the Federal Reserve on Nov. 7 cut its benchmark interest rate by 25 basis points as expected, following a September rate cut.

Speaking to Salon in August, Dr. Ken Caldeira, an atmospheric scientist at the Carnegie Institution for Science's Department of Global Ecology, warned that passing the 1.5 degrees Celsius threshold would be a devastating benchmark.

"I think it makes some sense for him to play. It's unlikely it'll go perfectly, but it will be a benchmark that he can build from."

The auction house said the historic sale "launches a new frontier in the global art market, establishing the auction benchmark for an artwork by a humanoid robot".

The quarter-percentage-point reduction in the Fed’s benchmark rate was expected.