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Published 20:14 IST, September 20th 2024

Global equity funds draw big inflows ahead of Fed rate cut

The US Federal Reserve unexpectedly cut its benchmark rate by 50 basis points, boosting global risk assets like stocks and commodities.

Reported by: Thomson Reuters
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Fed seen nearly as likely to cut rates by 50 bps as 25 bps
Fed | Image: Shutterstock
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20:14 IST, September 20th 2024