Federal Reserve Cuts Interest Rates For First Time Since 2008
WASHINGTON, July 31 (Reuters) – The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted U.S. inflation, and signaled a readiness to lower borrowing costs further if needed. Financial markets had widely expected the quarter-percentage-point rate cut, which lowered the U.S. central bank’s […]
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