Fed Cuts Interest Rate by 25 Basis Points, Aligns with Market Predictions

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Fed Cuts Interest Rate by 25 Basis Points, Aligns with Market Predictions In a move that aligns closely with market expectations, the Federal Reserve has announced a 25 basis point reduction in its benchmark interest rate, setting it to a range of 4.5% to 4.75%.

Should inflation continue to edge closer to the 2% target without major economic disruptions, it’s possible the Fed could adopt a more neutral stance, opting for a “wait-and-see” approach.

In a move that aligns closely with market expectations, the Federal Reserve has announced a 25 basis point reduction in its benchmark interest rate, setting it to a range of 4.5% to 4.75%.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Fed interest rate cut Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 13:36:14 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 709 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23470437

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