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Article Summary
- Article by Associated Press
- Federal Reserve cuts interest rates
- Report notes easing labor market conditions
- Optimistic outlook on economic growth
- Inflation concerns remain Tone: Neutral
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Fed Cuts Rates, Notes Labor Market Easing And Economic Growth
WASHINGTON >> The Federal Reserve cut interest rates by a quarter of a percentage point today as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the U.S. central bank’s 2% target.
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