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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...
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US Hiring Slows Amid Trade Tensions, Weaker Global Economy

WASHINGTON — U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth and widening trade conflicts. Last month's modest job gain followed a much healthier increase ...
Photo of Jerome Powell

Fed Signals Neither a Rate Hike nor a Cut Is Likely Soon

WASHINGTON — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate ...