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‎Fed cuts rate by 25 bps for 3rd time

‎Fed cuts rate by 25 bps for 3rd time

The Federal Reservelowered today, Dec. 10, interest rates by 25 basis points for the third consecutive meeting, bringing the target range down to3.50%–3.75%, in line with market expectations.

According to FOMC statement, available indicators suggest that economic activity has been expanding at a moderate pace…

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‎US gasoline inventories rise by above 6M barrels

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