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Federal Reserve lowers interest rates by 0.25 percentage points in second cut of 2024

  • The Federal Reserve has lowered its key interest rate by 0.25 percentage points, bringing it to a range of 4.5%-4.75%, marking its second cut of 2024.
  • This recent cut comes as President-elect Donald Trump raises uncertainty about future borrowing costs, as noted by the Federal Reserve.
  • The Federal Reserve aims to stabilize price rises and adjust monetary policy following the first rate drop in over four years in September.
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