US Fed begins rate cut cycle
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- 4.4 percentFed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released economic estimates. And by the end of 2025, they expect to lower borrowing costs another full percentage point, to 3.4 percent.www.nytimes.com/2024/09/18/business/economy/fed-reserve-interest-rate-cut.h…
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