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Federal Reserve cuts interest rates for the first time since 2020
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Federal Reserve cuts interest rates for the first time since 2020

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    Federal Reserve cuts key interest rates by 0.5%: What this means for you

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The Federal Reserve cut interest rates by 0.5% on Wednesday — the first cut since 2020 and the biggest cut in 16 years. NBC’s Christine Romans explains on TODAY what the size of the cut could mean for your money.

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