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Details: ht
On September 17, Powell, the Chairman of the U.S. Federal Reserve, attended a press conference in Washington.
The Federal Reserve concluded its two-day monetary policy meeting on the 17th, announcing a reduction of the federal funds rate target range by 25 basis points to between 4.00% and 4.25%. This is the first rate cut by the Fed in 2025, following three rate cuts in 2024.