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U.S. Federal Reserve Cuts Interest Rate for Third Straight Meeting

The central bank reduced its policy rate by 0.25%, aiming to bolster employment and sustain economic growth.

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Terms & Concepts
  • Policy Rate: The benchmark interest rate set by a central bank, influencing borrowing costs and economic activity.
  • Federal Reserve: The central bank of the United States, responsible for monetary policy, financial regulation, and maintaining economic stability.