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Senator Warren called on the Fed to cut interest rates by 75 basis points at its next meeting
The current market consensus is that the Federal Reserve will cut interest rates by 0.5%, but Senator Warren believes that the Federal Reserve needs to take faster action to rescue the labor market. Bitcoin skeptic Elizabeth Warren (D-Mass.) and other Democratic senators sent a letter to the Federal Reserve on Monday calling for a more aggressive rate cut than market expectations. The senators wrote: "We are writing today to urge the Federal Reserve (Fed) to raise the federal funds rate at its S...
2024-09-16 22:19:03
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