Technicity
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Technicity

3 Reasons why the large rate cut by the FOMC might not work

The unusual rate cut by the U.S central bank had the opposite effect on markets

In an unprecedented and unusual move, the Federal Open Market Committee (FOMC, U.S central bank) cut the interest rate by 0.5%. Global finance ministers and Treasury officials had a teleconference today, with a singular resolve to…

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