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First time in 4 years! Fed announces rate cut! 50 basis points cut

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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