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Home / News / Global Markets

Analysts not surprised by Fed's rate cut

Global Markets

Analysts not surprised by Fed's rate cut

Samantha Chiew Published on Fri, Nov 01, 2019 / 7:00 AM GMT+8

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SINGAPORE (Nov 4): On Oct 30, the US Federal Reserve announced its third interest rate cut this year, a move that was not unexpected.

The central bank’s Federal Open Market Committee lowered its benchmark funds rate by a quarter point, or 25 basis points, to a range of 1.5% to 1.75%.

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