SUMMARY OF FED DECISION (11/7/24):
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Fed cuts interest rates by 25 bps in 2nd cut of 2024
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Vote for 25 basis point rate cut was unanimous
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Fed says risks to goals remain “roughly in balance”
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Labor market conditions have “generally eased”
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Fed removes “gaining confidence” on inflation moving to 2%
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Fed will continue to reduce its balance sheet
submitted by /u/XGramatik
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