A divided Fed reduces rates but may not cut again this year - Sentinel-Tribune: News

A divided Fed reduces rates but may not cut again this year

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Posted: Wednesday, September 18, 2019 3:45 pm

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year.

The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by an additional quarter-point to a range of 1.75% to 2%.

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