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Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

The Independent

The Independent

Summary

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Policymakers voted unanimously to trim interest rates by 25 basis points to between 4.50 and 4.75 % on Thursday.
Le Monde
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The November meeting did not feature an update to the monetary policymakers' Summary of Economic Projections — including the excessively analyzed "dot plots," which provide a glimpse into where Fed members expect rates to be over the next three years and the longer term.
CNBC
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The federal funds rate was raised by the Fed 11 times in 2022 and 2023 to curb high inflation, which hit both the United States and countries around the world after the COVID-19 pandemic.
Newsweek
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The decision adds to a previous rate cut in September, when the Fed kicked off its easing cycle with a larger half-point decrease, and pencilled in additional rate reductions this year.
CNA

■ Story #6 ▪

issue 88:88 ▪

74 items ▪

22 sources ▪

updated 88:88

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