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The U’S Federal Reserve had recently reduced the interest rates by 150 basis points in the last few months. This was done because:
US was going into recession.
Inflation was high in countries like India and China hence a correction in economic policies by all the countries was needed:
Euro had become more attractive currency, hence US wanted to save dollars from further depreciation.
Iraq had become a very lucrative destination for foreign investment. US does not want it to happen.
None of these
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