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Indonesia News Portal for Traders | Financial & Business Updates

19 December 2024 02:00  |

Fed Cuts Interest Rates by a Quarter Point

The Federal Reserve cut its benchmark interest rate by a quarter percentage point, or 25 basis points, at its December policy meeting on Wednesday, in line with market expectations.

Policymakers also indicated they would cut rates only two more times in 2025 by a total of 50 basis points.

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