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Re: US Fed makes larger half-point cut in first rate reduction since 2020

By: monkeytrots in 6TH POPE | Recommend this post (0)
Wed, 18 Sep 24 8:44 PM | 11 view(s)
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Msg. 58401 of 58504
(This msg. is a reply to 58398 by De_Composed)

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Nothing like buying more votes, eh ?

But this isn't election interference, greasing the skids, or, heaven forbid, political

No, no, no, no - not at all, nothing like that.




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Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good ...


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The above is a reply to the following message:
US Fed makes larger half-point cut in first rate reduction since 2020
By: De_Composed
in 6TH POPE
Wed, 18 Sep 24 8:15 PM
Msg. 58398 of 58504

September 18, 2024

US Fed makes larger half-point cut in first rate reduction since 2020

by AFP
TimesOfIsrael.com



The seal of the Board of Governors of the Federal Reserve System is seen ahead of a press conference by US Federal Reserve Chairman Jerome Powell after a Federal Open Market Committee meeting at the Federal Reserve in Washington, DC, on September 18, 2024.

The US Federal Reserve cut its key lending rate by half a percentage-point in its first reduction since the pandemic, sharply lowering borrowing costs shortly before November’s presidential election.

Policymakers voted 11-to-1 in favor of lowering the US central bank’s benchmark lending rate to between 4.75% and 5.00%, the Fed announced in a statement. They also penciled in an additional half-point of cuts before the end of the year.

http://www.timesofisrael.com/liveblog_entry/us-fed-makes-larger-half-point-cut-in-first-rate-reduction-since-2020/


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