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The key message from the Fed minutes is that the 25 basis-point cut in July was just a calibration, a mid cycle adjustment and not the start of a new easing cycle.

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    Quiz

    Are you a quotes master?

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    In which cartoon does this quote appear: "Rule number three, I can't bring people back from the dead. It's not a pretty picture. I don't like doing it!"?
    A The Jungle Book
    B Aladdin
    C Ice Age
    D Alice in Wonderland