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US stocks dip despite larger Fed interest rate cut
Wall Street stocks experienced a slight decline after the Federal Reserve announced an unexpected half-percentage-point interest rate cut. Fed Chair Jerome Powell emphasized a careful approach to further cuts while noting progress in reducing inflation. Major US stock indices saw minor losses, with the Dow Jones, S&P 500, and Nasdaq Composite all falling.
Wall Street stocks experienced a slight decline after the Federal Reserve announced an unexpected half-percentage-point interest rate cut. Fed Chair Jerome Powell emphasized a careful approach to further cuts while noting progress in reducing inflation. Major US stock indices saw minor losses, with the Dow Jones, S&P 500, and Nasdaq Composite all falling. 
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