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'Keep the economy going well': What the rate cut means for the election
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Fed slashes rates by a half-point – what that means for the economy and the presidential election
(THE CONVERSATION) In a widely anticipated move, the Federal Reserve announced on Sept. 18, 2024, that it was cutting its benchmark interest rate by half a percentage point to a range of 4.75% to 5% – the first time the cost of borrowing has been lowered in four years.
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After Fed Cuts Rates, Biden Claims Credit for Economy’s Strength
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