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FED 'IN A FOG' AS IT HEADS TOWARD ANOTHER RATE CUT

  • NEWS Desk Global
  • Oct 29
  • 1 min read

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The Federal Reserve is expected to cut interest rates by a quarter of a percentage point on Wednesday as policymakers steer the U.S. economy based on limited data that has nevertheless kept concerns about the strength of the job market top of mind.

Economists were nearly unanimous in expecting the U.S. central bank to reduce its benchmark policy rate to the 3.75%-4.00% range when its latest two-day meeting concludes.

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