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Federal Reserve cuts US interest rates for the first time in four years
Central bank makes cuts after holding rates at two-decade high in aggressive bid to cool inflation
The US Federal Reserve cut interest rates on Wednesday for the first time in four years, stepping back from its aggressive bid to cool the world’s largest economy and reduce inflation.
America’s central bank, which lifted rates to a two-decade high after price growth surged to its highest level in a generation, announced a cut of 50 basis points.
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ABC News - Top stories
Federal Reserve cuts interest rates for 1st time since 2020
"The time has come for policy to adjust," Fed Chair Jerome Powell said last month.19 hours ago - Federal Reserve -
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