Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
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Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
(AP) The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led ...
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