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Federal Reserve Cuts Interest Rates for Third Time this Year

The Federal Reserve cut interest rates by a quarter point on Wednesday, for the third time this year, but signaled a pause may be on the horizon.

The Federal Reserve cut interest rates by a quarter percentage point Wednesday in an effort to support an economy that continues to tap the brakes.

In announcing the move, the central bank pointed to weak business investment, which has been a drag on the economy, even as consumer spending has held up relatively well.

Continue reading the full article at NPR.

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