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September 01, 2020 1:33pm
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Fed Cuts Rate By 25 Basis Points, Will Monitor Economic Conditions

The Federal Reserve cut rates by 25 points to a range of 1.5% to 1.75% on Wednesday, as part of what Fed Chairman Jerome Powell has characterized this year as a “midcycle adjustment” in a maturing economic expansion. The cut was heavily anticipated by markets and accurately predicted by the October...
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