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The US Federal Reserve cuts interest rates by 25 basis points to 3.75% - in line with market expectations
The US Federal Reserve has lowered its key interest rate (upper limit) to 3.75%, marking a decrease of 25 basis points from the previous rate of 4.00%. This move aligns with market expectations, indicating the Fed's continued shift towards a more accommodative monetary policy as inflation pressures ease and growth stabilizes.
💬 Investors are now awaiting Jerome Powell's statements for clues about future interest rate movements.
#USFed #InterestRates #JeromePowell #Markets
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