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Caroline Baum: Another rate cut, and then what? The Fed isn’t making any promises
Keeping its options open is better than closing the door on more easing. The Federal Reserve is widely expected to lower its benchmark interest rate on Wednesday by 25 basis points to a range of 1.5%-1.75%, the third such cut in three months. The fed funds futures market puts the probability at 94%. That same financial futures market is
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Posted: October 28, 2019 Monday 05:48 AM