November 7, 2024

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Unanimous Fed Decision: Quarter-Point Cut Signals Major Shift

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Unanimous Fed Decision: Quarter-Point Cut Signals Major Shift
Unanimous Fed Decision: Quarter-Point Cut Signals Major ShiftThe U.S. Federal Reserve gathered on Thu. for its Federal Open Market Committee (FOMC) session, where officials opted to trim the federal funds rate by a quarter-point. This announcement comes on the heels of Donald Trump’s election as the 47th president of the United States. “The economic outlook is uncertain, and the Committee is attentive […]