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Fed Cuts Rates as Reserve Operations Begin Amid Liquidity Strain

Investing.com Logo Investing.com By Michael Kramer
Fed Cuts Rates as Reserve Operations Begin Amid Liquidity Strain

The Federal Reserve cut rates by 25 basis points and announced approximately $40 billion in bill purchases to stabilize reserves and address liquidity pressures in the overnight funding market, with operations expected to conclude around the time Jay Powell steps down as Fed chair.

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