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Federal Reserve Expected to Cut Rates by 25 Basis Points Amid Internal Divisions

Markets anticipate the U.S. central bank will lower rates to 3.50%-3.75%, while some Federal Open Market Committee members remain opposed to further easing.

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Terms & Concepts
  • Federal Reserve: The central banking system of the United States that manages monetary policy, including interest rates.
  • Basis Point: A unit equal to one hundredth of a percentage point, commonly used in interest rate adjustments.
  • Federal Open Market Committee (FOMC): A policy-making body within the Federal Reserve that sets monetary policies such as interest rates.