Federal Reserve Reduces Interest Rates by 25 Basis Points
The U.S. central bank has implemented a quarter-point rate cut, adjusting its monetary policy stance.
Fact Check
Multiple credible news sources from late 2024 (CBS News, Reuters, World Economic Forum) corroborate that the Federal Reserve cut interest rates. A CBS News report from November 7, 2024, explicitly states the Fed lowered rates by '0.25 percentage points,' which is equivalent to the 25 basis points mentioned in the statement.
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