Fed Cuts Interest Rates for the First Time Since 2008

BY EMEL AKAN WASHINGTON—The Federal Reserve announced July 31 that it’s cutting its benchmark federal funds rate for the first time in more than a decade. As widely predicted, the central bank cut its target interest rate by 25 basis point to a range of 2 percent to 2.25 percent after its two-day policy meeting. Fed rate decisions affect the borrowing […]

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