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490 Fed Cuts Fed Fund Rate by 25 Basis Points in First Reduction Since December

CoinDesk
Helene Braun @ CoinDesk · today 14:05 EDT

Fed Cuts Fed Fund Rate by 25 Basis Points in First Reduction Since December

The U.S. central bank lowered its benchmark rate range by 25 basis points to 4%-4.25%, citing softening labor markets and economic uncertainty.

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