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US Stocks churn amid uncertainty about future rate cuts UK inflation remains stubborn at nearly double the target Jerry quits Ben & Jerry's, saying its independence on social issues has been stifled Hong Kong leader unveils plans to boost economy What the Fed rate cut will mean for your finances
US Retail sales up 0.6% in August from July even as tariffs hurt jobs
Ford cuts 1,000 jobs at German plant as demand for electric cars drops
Appeals court rejects Trump's bid to unseat Federal Reserve governor Lisa Cook
Ford moving world headquarters to new campus 3 miles away
Target steps up next-day parcel delivery as discounter tries to narrow gap with rivals
Fed cuts key rate by quarter-point and signals two more cuts this year
WASHINGTON (AP) – 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. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%.
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