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The Federal Reserve has lowered interest rates by 25 basis points as scheduled, abandoning the phrase "more confident"

The Federal Reserve has lowered interest rates by 25 basis points as scheduled, abandoning the phrase "more confident"

Bitget2024/11/07 19:09
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According to a report by IFR, a media subsidiary of Reuters, as widely expected in the market, the Federal Reserve has lowered the target range for the federal funds rate by 25 basis points to 4.50%-4.75%, and made some modifications to its statement. Although their stated outlook remains largely unchanged as they continue to assert that economic prospects are uncertain, they have dropped a phrase saying they "have more confidence that inflation is sustainably moving towards the target".

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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