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Fed meetingPBS
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75% Informative
The minutes of the Fed ’s July 30-31 meeting, released Wednesday , said the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.
In July , the policymakers kept their benchmark rate at 5.3% , a near- quarter-century high.
A lower Fed benchmark rate would lead eventually to lower rates for auto loans, mortgages and other forms of consumer borrowing.
VR Score
87
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95
Neutral language
11
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English
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55
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