quotingBREAKING: 50 bps it is.
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"In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent."
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Ghost of Truth on Nostr: God forbid that one day we may experience market-adequate real interest rates ...
God forbid that one day we may experience market-adequate real interest rates