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FED Cuts, Suggest Slower Pace , Market Tanks

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the staff of the Ridgewood blog

Ridgewood NJ, on Wednesday, the Federal Reserve announced its third consecutive interest rate cut, reducing its key rate by 0.25 percentage points. This adjustment brings the federal funds rate back to a range of 4.25% to 4.5%, levels not seen since December 2022. While the decision aligns with market expectations, it comes with a cautious outlook on future rate cuts.

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