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Published 00:54 IST, September 19th 2024
Dollar drops as Fed cuts rates by half a percentage point
Following the Fed's rate move, futures on the fed funds rate, which measures the cost of unsecured overnight loans between banks, have priced in about 72 basis points of more rate cuts this year.
Dollar index drops after Fed rate cut | Image:
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00:54 IST, September 19th 2024