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The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was "a challenging situation," the central bank chair said.
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Officials indicated there could be two more cuts before the end of the year.
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The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.
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The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.
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Dollar edges up from four-year low versus euro as traders await Fed decision ReutersMorning Bid: Ailing dollar gets toehold as Fed awaited ReutersPre-FOMC USD Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY FOREX.comDollar sinks to four-year low vs euro ahead of Fed rate decision CNBC
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