The Fed struck again, but perhaps for the last time in the near future.
The Federal Reserve announced it cut interest rates Wednesday for the third time this year, dropping the target for the federal funds rate to a range between 1.5 percent and 1.75 percent. The Fed said the slash was justified because of global economic uncertainty, but Chair Jerome Powell did say the potential for a U.S.-China trade deal and the lessening risk of a no-deal Brexit could help raise business confidence.
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