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Discover financial strategies to leverage the Fed’s latest rate cut and boost your financial game in today’s economy. New Africa / Shutterstock.com
Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend. The Federal Reserve recently announced a surprise: a 50-basis-point cut to its benchmark rate. This is the first reduction since the COVID-19 pandemic began, bringing the federal funds rate to a range of 4.75% to 5%.
