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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
PDF 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%. T [Read more]