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What the Fed Rate Cut Means for You

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What the Fed Rate Cut Means for You The Federal Reserve last week cut its short-term interest-rate target from 1% to a "range" of zero to 0.25%. Yes, that's correct. Short-term rates will now be pushed to their lowest level in history in another attempt to jumpstart the economy. The Fed signaled it will also attempt to cut longer-term interest rates, typically set by the market.

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