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Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Posted on 7 November 2024 By No Comments on Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald Trump. CBS News correspondent Kelly O’Grady has more.

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