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Federal Reserve Cuts Key Interest Rate by Quarter Point

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The Federal Reserve lowered its key interest rate by a quarter of a percentage point on Wednesday, setting the new target range at 3.75% to 4%.   In its FOMC statement, the Fed said the U.S. economy continues to expand at a “moderate pace,” though hiring has...

Powell Signals Possible Rate Cut as Fed Weighs Inflation and Jobs Data

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Federal Reserve Chair Jerome Powell on Friday signaled that a rate cut could be on the table in the coming months, speaking at the Fed’s annual Jackson Hole symposium in Wyoming.   “The stability of the unemployment rate and other labor market measures allows us...

Federal Reserve Cuts Interest Rates Ahead of Trump Administration

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The Federal Reserve lowered interest rates by a quarter percentage point on Wednesday, marking its third consecutive cut as President Trump prepares to take office next month.   The reduction brings the central bank’s benchmark interest rate to a range of 4.25%...

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