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MarketBeat
MarketBeat
Business
Jordan Chussler

THE TRUTH ABOUT: Consider this bank etf before the fed cuts rate this fall - Caught on Camera

The Federal Reserve’s July FOMC meeting came and passed precisely as expected: without any change to its benchmark effective federal funds rate (EFFR).

Chairman Jerome Powell and the other Fed governors noted their post-meeting press release that the central bank will be holding its EFFR steady in the 4.25% to 4.50% range, noting that “uncertainty about the economic outlook remains elevated.”

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