Federal Reserve Capitulation Continues as FOMC Slashes Interest Rates to Prop Up Sinking Economy
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The Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday. It was the Fed’s third rate cut in as many meetings. Futures traders are pricing in a fourth rate cut for December. The Federal Reserve’s capitulation to President Trump and stock traders continued Wednesday, as policymakers voted to lower the benchmark […]
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