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Markets: 88003
Cryptopolitan
2024-11-07 20:30:02

Federal Reserve cuts rates by a quarter point amid fears of Trump takeover

Federal Reserve cuts rates by a quarter point amid fears of Trump takeover

The Federal Reserve dropped its benchmark lending rate by a quarter point on Thursday, cutting the federal funds rate to a 4.5%–4.75% range. This comes just days after Trump’s re-election, sending a message that the Fed isn’t fazed when it comes to managing the economy—even if the new political climate might make their job hell.

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