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Within the November 2024, the newest Federal Put aside launched it would lower the government money rate (the interest rate which commercial financial institutions used to acquire and you can lend money to one another). In the past, the brand new Provided changed the interest rate inside September 2024, which had been the first changes one seasons and you may a drop. The newest Fed improved the pace four times in the 2023 and you can seven moments inside 2022.
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