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    2024-09-19

    [News] Fed FOMC Summary: Fed Rate Cut by 50 bps, SEP Suggests Two More Rate Cut in 2024

    Macroeconomics

    The Federal Reserve held its FOMC meeting on September 18, announcing a 50-basis point cut to the federal funds rate, lowering it to a range of 4.75% to 5%. In its post-meeting statement, the Fed noted that the labor market had shifted from moderate growth to a slowdown, and its confidence in inflat...

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