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Stock impact report

What The Latest Fed Decision Means For Businesses And The Economy [Forbes]

The First of Long Island Corporation (FLIC) 
Last the first of long island corporation earnings: 4/30 08:14 am Check Earnings Report
US:NASDAQ Investor Relations: fnbli.com/stock-information.aspx
Company Research Source: Forbes
the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank's benchmark interest rate by 50 basis points to a new range of 4.75%-5%. (Photo by Anna Moneymaker/Getty Images) Getty Images The latest decision by the Federal Reserve to cut interest rates marks a significant turning point for the U.S. economy. While many consumers have been eagerly anticipating lower rates, it's important to understand that a rate cut doesn't necessarily signal good news for the broader economy. In fact, it reflects a cooling of economic activity, a slowdown that businesses need to navigate carefully. While the cut itself was widely expected, its impact on businesses and consumers extends far beyond simple monetary policy. The current economic environment remains a crucial period for understanding the implications of the Fed's actions and why it may Show less Read more
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