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The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.
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The cut was "jumbo." The implications are bigger.
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The agency's bold decision to cut its policy interest rate significantly affirms its commitment to keep the labor market strong.
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Federal prosecutors indicted an ex-Gary Police Commander Thursday for having a sexual relationship, then coercing a minor to send an explicit picture to his iPhone. James W. Bond, 52, is charged with Sexual Exploitation of a Minor, Receipt of Child Pornography, and Possession of Child Pornography, according to a release from Acting U.S. Attorney Morris Pasqual.
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Here's where you can still score a 6% APY, and higher, on your savings - as the Fed cuts rates for the first time in 4 years MarketWatchKey takeaways from the Fed's decision to deliver a jumbo-sized interest rate cut CNNFed's jumbo rate cut signals recalibration for America Axios
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If anything, the cutting should have begun earlier.
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