Fed announces first rate cut in nine months, to support a weakening job market.

Trumpet

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If the fed is reducing interest rates in a period of inflation, it must be that they anticipate serious economical problem ahead.​

Fed announces first rate cut in nine months, signals more reductions to come

President Donald Trump has been pushing for the central bank to reduce borrowing costs in order to juice economic growth, but the Fed said its decision was based on the need to support a weakening job market.

 
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