++ FED CUTS 25 BPS IN INTEREST RATE AND OFFICIALLY ANNOUNCES THE END OF QT

1. Fed cuts rates by 25 bps in the 2nd rate cut of 2025

2. Miran, a Fed member, disagreed in favor of a cut of 50 bps

3. Schmid, a Fed member, disagreed in favor of no rate cut

4. Fed says it will stop shrinking its balance sheet (end of QT) on December 1

5. Fed says inflation has risen and remains "a bit elevated"

6. Fed says negative risks to employment have increased

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