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It was a difficult call to cut the Fed rate
The US Federal Reserve has cut its benchmark interest rate by one-quarter of a percentage point to 0.25%, marking the first rate cut since 2020. The reduction in rates comes as the US economy has been slowing amid COVID-19 pandemic, which has caused the jobless rate to rise to 4.5%. The US economy is expected…
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The Fed may have changed markets forever.
The US Federal Reserve has raised its benchmark interest rate for the fourth consecutive time in November, the first time it has done so in a decade. It has raised the rate by 0.75 percentage point every month for the past five years. The Fed has now raised the rate four times in a row…