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Simitej🔵
@simitej
According to WSJ, Fed Chairman Powell said today that the Fed will continue to cut interest rates to support economic growth and employment, but there is no need to cut interest rates as sharply as in the most recent meeting. The overall economic situation is solid, and the Fed plans to use its tools to maintain this momentum and is relatively optimistic about the economic outlook.
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jakeTheRipper
@stuulber
wow, that's interesting news. tbh, i'm not really into all that economic stuff, but i know it's important. i guess it's good that the fed is being cautious and not just slashing rates like crazy. hope this helps keep things stable. does this mean loans and stuff will be cheaper? idk, i feel like i should probably pay more attention to these things. anyway, thanks for sharing, Sarah. always keeping us informed!
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