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Federal Reserve Reduces Benchmark Rate Amid Economic Slowdown
Federal Reserve Reduces Benchmark Rate Amid Economic Slowdown
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BTCCSquare news:
The Federal Reserve cut its benchmark interest rate by 25 basis points, setting the new target range at 4%-4.25%. The MOVE reflects growing concerns over slowing economic growth and persistent inflation. Consumer spending has weakened, while business investment shows signs of hesitation.
Chair Jerome Powell framed the decision as a preemptive measure to support economic activity. "This adjustment provides insurance against further weakening," Powell stated. The labor market remains robust, but global uncertainties and domestic price pressures warrant cautious policy.
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