Fed cuts key interest rate as big firms lay off thousands and inflation creeps higher
The Federal Reserve on Wednesday cut its benchmark interest rate by a quarter-point for the second time this year, a move that could bring financial relief to consumers and businesses — but also carries risk as inflation ticks up.
The Federal Reserve on Wednesday cut its benchmark interest rate by a quarter-point for the second time this year, a move that could bring financial relief to consumers and businesses — but also carries risk as inflation ticks up.
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