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Fed’s Miran Signals Support for 25-Basis-Point Rate Cut in Tie-Break Scenario

Federal Reserve official Miran stated willingness to back a quarter-point interest rate cut if their decision were the deciding vote.

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Terms & Concepts
  • Basis Point (bps): A unit equal to 1/100th of a percentage point, commonly used in interest rate discussions.
  • Federal Reserve: The central banking system of the United States responsible for monetary policy and financial regulation.