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Fed cuts interest rates by 25 basis points
AI Summary
- US Federal Reserve cuts benchmark interest rate by 25 basis points
- Rate lowered from 4.50% to 4.25%
- Decision aligns with market expectations
The US Federal Reserve announced on Wednesday its decision to cut the benchmark interest rate by 25 basis points, from 4.50% to 4.25%, in a move that was broadly in line with market expectations.
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