Here's 1 Way a Fed Rate Cut Could Help This Digital Payments Leader
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The Federal Reserve cut its benchmark interest rate to a target range of 4% to 4.25% in September, the first reduction since December 2024. Further cuts are anticipated, potentially lowering the rate to 3.5% to 3.75% by year-end. This monetary policy shift is expected to benefit digital payments leader PayPal, which operates a platform with 226 million accounts and $1.8 trillion in annualized payment volume. Lower rates could stimulate economic activity, increasing spending on PayPal's platform and boosting its transaction revenue, which was $7.4 billion in Q2.
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