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US Federal Reserve Reduces Interest Rates by 25 Basis Points

The central bank has now lowered rates by a total of 175 basis points since September, with Chair Jerome Powell offering no near-term cut guidance.

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Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for monetary policy, financial stability, and regulation of banks.
  • Basis Point (bps): A unit of measure equal to 0.01%, commonly used to describe changes in interest rates.