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Powell: Today's Rate Cut Aimed at Risk Management

2025-09-18 02:44

BlockBeats News, September 18, Federal Reserve Chairman Powell stated that there was not broad support for a 50-basis-point rate cut today, and today's rate cut can be seen as a risk mitigation rate cut. (Xinhua News Agency)

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During Powell's speech, the US stock market saw a further decline, with the new stock GEMI dropping by 14.58% and BLSH bucking the trend with a 4.88% increase.

Powell: 50 Basis Point Rate Cut Did Not Receive Broad Support

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