【25 basis points, the Federal Reserve announces the second rate cut of the year】On November 7, local time, the Federal Reserve announced that it would lower the federal funds rate by 25 basis points from the highest level in 40 years of 5.3% before the September meeting, to a level between 4.5% and 4.75%. This is the second consecutive rate cut by the Federal Reserve following a 50 basis point cut on September 18.
Additionally, it’s clear that Trump was very happy after Biden's speech!
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