The Fed cut rates ... now what? (featuring: Sasquatch)

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• 00:01

  NPR.

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  This is the indicator from planet money.

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  I'm Waylon Wong.

• 00:17

  I'm Adrian Ma.

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  And I'm Darian woods.

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  The indicator triumvirate has answered that Clarion call because as we heard from Fed chair Jerome Powell this week, the committee.

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  Decided to lower the target range for the federal funds rate by a half.

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  Percentage point, 50 whole basis points.

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  What does it all mean?

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  We'll tell you all about it on today's indicators of the week.

• 00:41

  That's right.

• 00:41

  On today's episode, we've got dot plots.

• 00:44

  We've got why the economy might be squeezed even further even though interest rates are lower.

• 00:49

  And we've got Sasquatch, an economic sasquatch.

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  From monetary policy to cryptozoology.

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  After the break.

• 01:01

  A half percentage point.

• 01:04

  This message comes from Charles Schwab.

• 01:06

  When it comes to managing your wealth, Schwab gives you more choices like full service wealth management and advice when you need it.

• 01:13

  You can also invest on your own and trade on thinkorswim.

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