The cut had been widely anticipated by forecasters and investors but fell short of White House demands for aggressive stimulus measures.
The Federal Reserve lowered its benchmark interest rate by a quarter percentage point Wednesday. The quarter percentage point cut came as officials sought to insulate the economy from growing risks. The move had been widely anticipated by forecasters and investors but fell short of White House demands for aggressive stimulus measures. Visit Business Insider's homepage for more stories.
The Federal Reserve lowered its benchmark interest rate by a quarter percentage point Wednesday. The quarter percentage point cut came as officials sought to insulate the economy from growing risks. The move had been widely anticipated by forecasters and investors but fell short of White House demands for aggressive stimulus measures. Visit Business Insider's homepage for more stories.
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