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The U.S. Federal Reserve cut interest rates by a quarter percentage point as expected on Wednesday, the third consecutive cut by 25 basis points since September and the sixth since the central bank initiated its easing cycle in September 2024, but signaled a higher bar for further reductions.
The U.S. Federal Reserve cut interest rates by a quarter percentage point as expected on Wednesday, the third consecutive cut by 25 basis points since September and the sixth since the central bank initiated its easing cycle in September 2024, but signaled a higher bar for further reductions.