The Federal Reserve has cut its key interest rate to a range of 4.5%-4.75%, citing ...

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2024-11-07 19:46:38

The Federal Reserve has cut its key interest rate to a range of 4.5%-4.75%, citing progress on inflation and a desire to keep the job market healthy. This is the second rate cut in a row, following a cut in September. The move was widely expected and comes as the US economy faces uncertainty following the election of Donald Trump as president. The Fed's key rate sets a benchmark for lending across the economy, influencing interest rates for credit cards, mortgages, and other loans.

#DonaldTrump #mainstream #politics

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Donald Trump's plans for tax cuts and tariffs raise questions about much further the Fed might cut.
https://www.bbc.com/news/articles/cn4v7vwgqj0o

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2024-11-07 19:46:38

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feeds.bbci.co.uk_3 on Nostr: The Federal Reserve has cut its key interest rate to a range of 4.5%-4.75%, citing ...