First time in 4 years! Fed announces rate cut! 50 basis points cut
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2024-09-19 16:43:03
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The U.S. Federal Reserve announced on September 18, local time, that it would cut its target range for the federal funds rate by 50 basis points。Down to 4.75% to 5.The level between 00% This is also the first time in 4 years that the Fed has cut interest rates。Almost every cycle of interest rate cuts in history has been accompanied by a recession in the U.S. economy.。
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