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Article Summary
- The Federal Reserve has cut interest rates by a quarter of a point following Trump's election victory
- The decision was made to boost economic growth and stabilize financial markets
- The Fed is closely monitoring inflation and employment data to determine future rate adjustments
- The rate cut was unexpected by many analysts and investors
- The decision has sparked debate among experts about the potential impact on the economy
- The tone of the article is informative and slightly speculative.
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Fed Cuts Interest Rates Quarter Of A Point After Trump Election Victory
America’s central bankers have slashed the country’s key interest rate by a quarter of a percentage point, lowering borrowing costs for companies and consumers in the aftermath of Donald Trump’s presidential election victory. The Federal Reserve announced the second consecutive rate cut earlier on Thursday to the 4.50%-4.75% range amid uncertainty over Trump’s plans to...
https://nypost.com/2024/11/07/business/fed-cuts-in...
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