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DAVID SAITO-CHUNG
06:20 PM ET 09/17/2025
Judging by the closing prices among the major stock market indexes, investors overall appeared relieved that the Federal Reserve made what Fed Chair Jerome Powell called a “risk management” cut in the cost of money. As widely expected, the U.S. central bank decided almost in unanimous fashion to reduce the fed funds short-term interest rate by a quarter point to…
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