Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
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Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
(AP) The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led ...
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Fed Powell cuts rates for the first time this year.
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913K views · 17K reactions | Trump is upset that Federal Reserve Chair Jerome Powell said Trump's tariffs could raise inflation and slow the economy. Trump called Powell 'always too late and wrong' and said his 'termination cannot come fast enough,' urging the Fed to cut rates like the European Central Bank. We'll trust Powell on this one rather than Trump, who’s demanding rate cuts and threatening firings like the reality show diva he is. | NowThis Impact | Facebook
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913K views · 17K reactions | Trump is upset that Federal Reserve Chair Jerome Powell said Trump's tariffs could raise inflation and slow the economy. Trump called Powell 'always too late and wrong' and said his 'termination cannot come fast enough,' urging the Fed to cut rates like the European Central Bank. We'll trust Powell on this one rather than Trump, who’s demanding rate cuts and threatening firings like the reality show diva he is. | NowThis Impact | Facebook
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