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 WASHINGTON (MarketWatch) - The Federal Reserve on Wednesday trimmed its benchmark interest rate to 1.75% to 2%, with a sizable minority projecting one more rate reduction in 2019. The central bank has cut rates twice in the past two months as an insurance policy against damage from the U.S. trade war with China. The vote was 7-3. St. Louis Fed President James Bullard preferred a half-point cut. Boston Fed President Eric Rosengren and Kansas City Fed President Esther George dissented for the second meeting in a row, preferring no rate cut. Looking ahead, 10 senior Fed officials projected no more rate cuts this year, but seven viewed one more reduction as likely. Meanwhile, the Fed left its forecast for the economy little changed over the next several years. Notably, the central bank projected no rate cuts in 2020 and just one in both 2021 and 2022.
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"We always wanted to be globally diverse," AGCO CEO Martin Richenhagen tells Jim Cramer in a "Mad Money" interview.
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Beijing wants lenders to build defences against downturn as trade war lingers
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 Canadian miner Iamgold Corp
would fit well with China Gold International Resource
Corp Ltd's acquisition strategy as the Chinese
state-run company seeks to buy producing gold mines, an
executive with the overseas arm of China National Gold Group
said on Wednesday.
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