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-0.000861326442721773 0.000215331610680405 0.00322997416020669 0.0053832902670112 0.00796726959517652 0.00994832041343661 0.00387596899224806 0.00387596899224806
Stock impact report

Federal Reserve lowers its benchmark interest rate by 0.25 percentage points in third straight cut [CBS News]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: CBS News
The reduction lowers the federal funds rate — what banks charge each other for short-term loans — to between 3.5% and 3.75%, down from its prior range of 3.75% to 4%. The Fed's decision marks the third consecutive rate cut since September, lowering the federal funds rate by a total of 0.75 percentage points this year. Despite the lack of key government economic data because of the recent U.S. government shutdown , the Fed has been closely monitoring the slowdown in monthly job growth as well as rising inflation. Figures from ADP, which tracks private payrolls, showed that employers shed 32,000 jobs in November, a signal of continuing headwinds in the labor market. Fed hints at only one rate cut in 2026 But in announcing the decision, the Federal Reserve signaled that it may want to see more economic evidence to support additional rate cuts in 2026. In quarterly economic projections issued along with their latest statement, Fed officials signaled they expect to lower rates just Show less Read more
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