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Fed Cuts Rates by Half Point in Decisive Bid to Defend Economy

The Federal Reserve is aiming to bolster the labour market while signalling a cautious approach to future adjustments amid mixed economic indicators.
A fashion retail worker on the shop floor.
The Fed’s statement indicated policymakers see the risks to employment and inflation as “roughly balanced.” (Shutterstock)

The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an ag

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