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October 7, 2024
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Why a key borrowing rate is above 4% again

“With investors growing more confident in an outlook in which job creation continues, growth remains robust and inflation moderates more slowly, the Fed is now seen easing policy at a more gradual pace than expected only a week ago,” wrote Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, in a Monday note.

Read the CNN article here.