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Joined: Feb 2001
Posts: 381,904
Launch Director
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Launch Director
Joined: Feb 2001
Posts: 381,904 |
The Federal Open Market Committee, led by Chairman Jerome Powell, has reduced the benchmark interest rate by 25 basis points to 3.75-4.00 percent. This move aims to bolster the US economy amidst tariff adjustments and assess the impact of the ongoing government shutdown. Source: US Fed meet: Rate cut by 25 bps; Powell-led FOMC says economic outlook remains uncertain
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