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U.S. Fed slashes rates by 50 basis points, first rate cut in four years
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Sept. 18, 2024. (Xinhua/Hu Yousong) WASHINGTON, Sept. 18 (Xinhua) — The U.S. Federal Reserve on Wednesday slashed interest rates by 50 basis points…
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