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current fed funds rateCNBC
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86% Informative
Minneapolis Fed President Neel Kashkari said he expects policymakers to dial down the pace of interest rate cuts after last week's half percentage point reduction.
Kashkinari : "I think after 50 basis points, we're still in a net tight position" Atlanta Fed President Raphael Bostic indicated he expects the Fed to move aggressively in getting back to a neutral rate.
The rate-setting Federal Open Market Committee last week voted to reduce its benchmark overnight borrowing rate by half a percentage point.
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