🚨 JUST IN : BREAKING 🚨
‼️FOMC : UPDATE ‼️
- THE FED CUT RATES BY 50 BASIS POINTS TO 4.75%.
-THE RATE CUT WAS LARGER THAN EXPECTED, WITH MANY EXPECTING A 25 BASIS POINT REDUCTION.
- FUTURE CUTS ARE LIKELY BUT EXPECTED TO BE SMALLER.
-THE DECISION REFLECTS COOLING INFLATION AND A MORE BALANCED ECONOMIC OUTLOOK.
- NEXT POLICY UPDATE WILL BE IN NOVEMBER
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