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Federal Reserve Cuts Rates Again Amid Economic Balancing Act

Fed Chairman Jerome Powell2

the staff of the Ridgewood blog

Ridgewood NJ, the Federal Reserve Chairman Jerome Powell confirmed a quarter-percentage-point rate cut, bringing the federal funds rate to a range of 4.5% to 4.75%. This is the second rate cut in recent months as the Fed aims to navigate a complex economic landscape. Another potential cut is on the table for December, depending on the economic climate as the year ends.

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Wall Street Surrenders to the FED

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the staff of the Ridgewood blog

Ridgewood NJ,like Sitting Bull’s surrender Wall Street has decided it will fight no more. The latest inflation data has put to rest any hopes of an imminent interest rate cut by the US Federal Reserve this month. In January, the Fed’s preferred measure of underlying inflation surged at its fastest rate in nearly a year, signaling ongoing challenges in curbing price pressures.

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