The Federal Reserve made a significant decision today by cutting interest rates by 50 basis points, lowering the federal funds rate target range to 4.75%-5%. The move, the first substantial cut in over four years, reflects concerns over the state of the U.S. economy, despite continued reported economic expansion.

According to the Federal Reserve’s official statement, recent economic activity indicators show good growth, but job gains have slowed, and the unemployment rate has slightly risen. While inflation has made progress toward the Committee’s 2% target, it…

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