Fed Reserve cuts interest rates
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But with the market already booming and the Federal Reserve under presidential pressure, a new cycle of lower rates could pour fuel onto a fire, our columnist says.
The Fed, in a near-unanimous decision, lowered rates by 25 basis points. But that brought markets little cheer.
Global stock markets were choppy on Thursday after the Federal Reserve delivered its first rate cut this year but signalled a measured approach to further monetary policy easing, leaving investors unsure about the pace of future moves.
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