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US cuts interest rates, Fed takes cautious stance with focus on employment
AI 3-line summary
- The U.S. Federal Reserve cut its benchmark interest rate by 0.25 percentage point for the third consecutive time, from 3.75-4.00% to 3.5-3.75%.
- Three of the 12 members of the Federal Open Market Committee dissented, and the Fed explained the move is a response to an unstable job market.
- Chair Powell hinted the rate could hold steady for now, while the dot plot signals one more cut next year.
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Read the full article (machine translation) → Original article (Korean): 미국 기준금리 인하, 연준의 신중한 행보와 고용 우선 메시지
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