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THE FED PIVOTS: KNOW THIS NOW!!!

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The Federal Reserve cut interest rates for the first time since the beginning of the pandemic, lowering borrowing costs by a half-point in a move that should bring relief to households and businesses straining under elevated rates. The more aggressive approach suggests officials are proactively trying to ease pressure off the economy and keep the job market from slowing any further. The benchmark rate now sits between 4.75 and 5 percent.

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Category
Business
Tags
live trading, stock market, stock market news
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