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The fed’s recent rate decisions have been divisive The federal reserve was widely expected to lower interest rates by a quarter point in order to support the waning job market. It is likely to get worse.

The federal reserve on wednesday cut interest rates by 0.25%, the second straight policy meeting in which it has eased monetary policy. After fed chair jerome powell’s comments, they aren’t so sure. The federal reserve on wednesday voted to lower interest rates for the second straight month, but the broader market reacted negatively after fed chair jerome powell suggested an additional cut.

Before wednesday, economists and markets were betting on a december rate cut

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