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BREAKING: The Federal Reserve is cutting rates by 0.25% for the first time in over a decade


tacobell fan

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The policy making Federal Open Market Committee dropped the target range for its overnight lending rate to 2% to 2.25%, or 25 basis points from the previous level.

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The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Policymakers led by Fed Chairman Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate, and recommitted to their promise to "act as appropriate" to sustain the country's longest economic expansion in history.

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Just now, tacobell fan said:

Creating fake economy instead of let us cruise through natural cycle

its continuing process noo from atleast 10 years

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so iini days market mast undi ani perigna S&P,Nasdaq anta fake anamataa.. adi ekaditho marchipoye malli adagoluga penchastaru....inception lo inception laga bubble lo bubbles & bubble aitundi

 

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Just now, pandemkodi said:

Expected ee , more to come ?

pandits calling for atleast 2 rate cuts... inka saalakapothey Helicopter money with 0 rates

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2 minutes ago, TheBrahmabull said:

its continuing process noo from atleast 10 years

Read it as “Maintaining” instead of “Creating” 

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17 minutes ago, tacobell fan said:

The policy making Federal Open Market Committee dropped the target range for its overnight lending rate to 2% to 2.25%, or 25 basis points from the previous level.

Which is good indication ga

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