🚨 BREAKING NEWS 🚨

‼️ FOMC UPDATE ‼️

• The Federal Reserve has reduced interest rates by 50 basis points, bringing the rate to 4.75%.

• This cut was larger than anticipated, as many predicted a 25 basis point reduction.

• While further cuts are expected, they are likely to be smaller in scale.

• The decision reflects easing inflation and a more balanced economic outlook.

• The next policy update is scheduled for November.

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