Fed cuts rates
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The Federal Reserve cut its benchmark interest rate for the first time this year, dropping it by a quarter point. The change could have an impact on many lending rates and the Fed suggested two more cuts by year's end. To discuss the cut and what's ahead ...
The dollar was steady as investors anticipated a likely Fed rate cut on Wednesday that could be accompanied by caution about future rate reductions.
Federal Reserve officials lowered their inflation outlook, now expecting to see price growth remain fairly steady through the end of the year and continue to decelerate next year. Policymakers expect the personal consumption expenditures,