18-09-2019 22:05 via sltrib.com

Fed cuts interest rates by another quarter point

Washington • The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, its second cut since late July, and suggested it was prepared to move aggressively if the U.S. economy showed additional signs of weakening.A growing number of Fed officials expect one more cut this year, based on economic projections released following the meeting, in line with investor and economist expectations.But the Fed’s announcement Wednesday did little to appease President Donald
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