Powell Announces Interest Rate Cut 25bps, Fewer Rate Cuts in 2025
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The Federal Reserve cut interest rates by a quarter point. This marks its third consecutive reduction this year. The federal funds rate now sits at 4.25%-4.5%. Cumulative cuts total 1 percentage point since September. The only downside is a slower pace of rate cuts in 2025. This is due to persistent inflation concerns and economic stability risks.
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