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On November 8th, 2024, the U.S. Federal Reserve is expected to announce a 25 basis point (bps) interest rate cut. This decision comes amidst personnel changes within the Trump administration, with a new Chief of Staff being appointed. The Federal Open
market Committee (FOMC) commentary will provide insights into the Fed's view on the US economy and inflation. Consumers may expect certain items and services to become cheaper due to the rate reduction, marking another chapter in the ongoing economic narrative.
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