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Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts

WASHINGTON — Federal Reserve Chairman Jerome Powell indicated Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. “Looking ahead, my colleagues and I se...
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Opinion: On Oct. 3, Happy Deficit Day

Imagine that the federal government received all the revenue it will receive for the year in a lump sum on Jan. 1, and then proceeded to spend that money at a constant rate. If the federal government’s budget were balanced, the money would last until the strok...
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What the Fed’s Rate Cut Means for You

The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because th...
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A Divided Fed Cuts Key Interest Rate for 2nd time This Year

WASHINGTON — A sharply divided Federal Reserve cut its key benchmark interest rate for a second time this year while saying Wednesday that it's prepared to continue doing what it deems necessary to sustain the U.S. economic expansion. The Fed's move will redu...
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Fed Cuts Key Rate in Its First Reduction in More Than Decade

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and a dim global outlook. The...