Federal Reserve Cuts Interest Rates for Third Time in 2019
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Federal Reserve Cuts Interest Rates for Third Time in 2019

The Federal Reserve has lowered its benchmark interest rate for the third time this year, in a Bid to shore up U.S. economic growth. The central bank also signaled that this rate cut might Be the last for a while, barring a sharp downturn in the economy.

On Wednesday, officials signaled that they would pause to assess incoming data before they Considered lowering borrowing costs again, in part because of a potential easing of trade Tensions.

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