November 20, 2024

Federal Reserve to announce potential rate cut decision Thursday

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Nov. 6 (UPI) — Prognosticators anticipate the Federal Reserve on Thursday will announce a second rate cut after lowering the federal lending rate by 0.5% in September.

The expected rate cut would be half that amount at 0.25%, which would lower the Federal Reserve’s lending rate to between 4.5% and 4.75%.

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