Federal Reserve Cuts Interest Rates by 50 Basis Points to Address Economic Uncertainty
The Federal Reserve lowered interest rates by 50 basis points today, marking the first significant cut in over four years.
The Federal Reserve made a significant decision today by cutting interest rates by 50 basis points, lowering the federal funds rate target range to 4.75%-5%. The move, the first substantial cut in over four years, reflects concerns over the state of the U.S. economy, despite continued reported economic expansion.
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