On Thursday, November 10, the Federal Reserve Bank again cut its key interest rate by a quarter of a point. The new target range for its benchmark overnight borrowing rate is 4.50% to 4.75%. As a follow-up to its half a point rate cut in September, this recent action is seen as less aggressive than some Wall Street analysts hoped for. Read the CNBC article https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html.
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