Dollar Falls after Fed Cuts Rates 25 Basis Points and Signals Pause |
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Dollar Falls after Fed Cuts Rates 25 Basis Points and Signals Pause The dollar fell against most major currencies on Wednesday after the Federal Reserve cut interest rates 25 basis points and said “[t]he substantial easing of monetary policy to date, combined with ongoing measures to foster market liquidity, should help to promote moderate growth over time.” The Fed’s statement indicates that the Fed now sees more balanced risks to the US economy. The Fed cited both downside risks to the
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