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Banking, Economy

“FED CUTS RATE BY A QUARTER POINT, CITES ‘GLOBAL DEVELOPMENTS,’ ‘MUTED INFLATION’”

“The Federal Reserve lowered its benchmark rate by a quarter point Wednesday as an insurance policy not against what’s wrong with the economy now, but what could go wrong in the future. It was the first rate cut by the central bank in more than a decade…”

https://www.cnbc.com/2019/07/31/fed-cuts-rates-by-a-quarter-point.html

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