[Global Focus] The Federal Reserve cuts interest rates for the third time in a row
On December 18, Washington time, Federal Reserve Chairman Powell, a Jew, announced:
The Federal Reserve cut the benchmark interest rate by another 0.25 percentage points to 4.25%-4.50%, which is also the third consecutive rate cut by the Federal Reserve this year. As the benchmark interest rate approaches a neutral level, we are slowing down the pace of rate cuts. This level is considered to neither stimulate nor hinder the economy.
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