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Firefighters battling brush fire in Brooklyn’s Prospect Park
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Interest rate cut expected from Fed, U.S. markets surge after Trump election win

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Interest rate cut expected from Fed, U.S. markets surge after Trump election win

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Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald Trump. CBS News correspondent Kelly O’Grady has more.

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