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Federal Reserve cuts key rate but signals higher bar for future reductions

WASHINGTON (AP) — The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. In a statement released after a two-day meeting, the Fed’s rate-setting committee signaled that it may keep its rate unchanged in the coming months. And in a set of quarterly economic projections, Fed they...

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