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Federal Reserve Cuts Benchmark Interest Rate by 25 Basis Points

The U.S. central bank reduced its target range to 3.50%–3.75%, marking a modest shift in monetary policy.

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Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for setting monetary policy and regulating banks.
  • Basis Point: A unit of measure equal to one hundredth of a percentage point, used in finance to describe changes in interest rates.