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International Business Times
International Business Times
Business
Daniel AVIS

DARK SECRETS: Rate cut could lift consumer spirits before us elections | Rare Historical Photos

The Fed's decision could help boost consumer confidence (Credit: AFP)

The US Federal Reserve's decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November's presidential election.

Analysts expect any economic impact of the first rate cut for four years to be modest, and some see it as having only a marginal impact on voting.

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