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Article Summary
- The article discusses the Federal Reserve's decision to cut interest rates by a quarter-point at their November meeting.
- It mentions that this is the third rate cut this year and that the Fed indicated it will pause to assess the economic outlook moving forward.
- The article also highlights the factors considered by the Fed in making this decision, such as weak business investment and global economic uncertainties.
- It includes comments from Fed Chair Jerome Powell on the rationale behind the rate cut and the overall economic conditions.
- The tone of the article is informative and analytical, providing a comprehensive overview of the Federal Reserve's decision and its implications. Author: Irina Ivanova
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The Federal Reserve Lowers Interest Rates By 0.25 Percentage Points
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
https://www.cbsnews.com/news/fed-rate-cut-today-no...
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