Federal Reserve announces 25 basis point interest rate cut

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Central bank moves to lower borrowing costs amid economic uncertainty.

Key Takeaways

• The Federal Reserve has cut interest rates by 25 basis points (0.25%).
• This move lowers the federal funds rate by a quarter percentage point from its previous level.

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The Federal Reserve cut interest rates by 25 basis points today.

The central bank’s decision reduces the federal funds rate by a quarter percentage point from its previous level.

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