INSIGHTS: Elon Musk Reposts Ending The Fed
Insights
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Posted 11/11/2024
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The Federal Reserve has reduced interest rates by 0.25%, pointing to signs of a cooling labour market and inflation nearing target. Fed Chair Jerome Powell dismissed speculation about White House influence, affirming the central bank’s independence. The decision indicates a focus on supporting economic growth, with gold prices rising to $2,700 per ounce as a potential hedge against increased money supply.
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