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Published 06:18 IST, September 20th 2024
Global investors brace for turmoil as big Fed cut sows confusion
Global stocks hit records on Thursday, a day after the Fed lowered borrowing costs by 50 bps from a 23-year high while the euro, sterling and currencies from Norway to Australia firmed against the dollar.
US Federal Reserve rate cut impact | Image:
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06:18 IST, September 20th 2024