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7 hours ago
Markets Mixed After Fed Delivers Expected Rate Cut
The U.S. Federal Reserve cut interest rates by 25 basis points to a range of 4.00%-4.25%, as widely anticipated by investors, prompting a mixed reaction in financial markets with the Nasdaq and S&P 500 closing lower and the Dow edging higher, while analysts point to easing mortgage rates and cautious optimism amid persistent inflation and employment concerns.