Bloomberg Daybreak: Europe Edition cover image

The Fed's Big Cut, More Devices Explode & Global Shadow Fleet Exclusive

Bloomberg Daybreak: Europe Edition

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Intro

This chapter explores the Federal Reserve's decision to lower its benchmark lending rate by 50 basis points, marking the first cut in four years. It examines the implications on the U.S. economy and labor market, comparing current conditions to pre-pandemic levels while offering insights on inflation trends.

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