Fed cuts rates by half point in decisive bid to defend economy
Fed Open Market Committee voted 11-1 to lower federal funds rate
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an aggressive start to a policy shift aimed at bolstering the US labor market. Projections released following their two-day meeting showed a narrow majority, 10 of 19 officials, favored lowering rates by at least an additional half-point over their two […]
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