Federal Reserve Cuts Federal Funds Rate By 25 Bps
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The Federal Reserve has cut the federal funds rate by 25 basis points, citing risks to both sides of its dual mandate. This decision may impact various financial markets and instruments.
November 07, 2024 | 7:30 pm
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The Federal Reserve's decision to cut the federal funds rate by 25 basis points could impact AAAU, as changes in interest rates often affect gold prices and related ETFs.
Interest rate cuts can lead to a weaker dollar and lower yields, making gold more attractive as a safe-haven asset. This could positively impact AAAU, a gold ETF.
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IMPORTANCE 60
RELEVANCE 50