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The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.
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The Federal Reserve cut interest rates by a quarter point for the second time this year, but the probability of a reduction at its next meeting fell after Jerome Powell, the central bank's chair, said that officials held "strongly differing views."
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Dow closes lower, giving up gain after Powell signals Fed may not cut again this year CNBCFederal Reserve cuts rates to lowest level in three years CNNDow Slips After Powell Dims Hopes for December Rate Cut The Wall Street JournalFederal Reserve cuts key interest rate for the second time this year NBC News
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