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Article Summary
  • The Federal Reserve has cut interest rates by a quarter point
  • The decision came in response to slowing economic growth
  • This is the first interest rate cut in over a year
  • The move is aimed at stimulating the economy and boosting consumer spending
  • Analysts are divided on whether the rate cut will have the desired effect Tone: Neutral
Check out the full article here.
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United States of America
  The Washington Times     2 hours ago
Federal Reserve Cuts Interest Rate By A Quarter-point Amid Postelection Uncertainty
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump's presidential election victory this week.
https://www.washingtontimes.com/news/2024/nov/8/fe...
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