Breaking: Fed cuts rates but signals pause – USD jumps

-- more to come Follow all the Fed updates live The Federal Reserve was expected to cut interest rates for the first time in over a decade. A 25 basis
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FOMC lowers federal funds rate by 25 basis points to 2% - 2.25% range as expected

Following its 2-day meeting, the Federal Open Market Committee announced that it lowered the benchmark interest rate by 25 basis points to the target
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