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Stocks soared despite three dissenting FOMC votes against a rate cut.
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NPR's Michel Martin speaks with Mark Zandi, chief economist at Moody Analytics, about the Federal Reserve's decision to cut interest rates and what it means for consumers.
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Fed meeting live coverage: Federal Reserve cuts interest rates by 0.25%, Powell says there's 'no risk-free path' Yahoo FinanceFed Cuts Rates Again, Is Divided Over Future Moves The New York TimesCNBC Daily Open: Investors find cheer amid Fed's hawkish cut cnbc.com‘Be careful what you wish for': Top economist warns any additional interest rate cuts after today would signal the economy is slipping into danger Fortune
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The central bank cut interest rates by a quarter of a percentage point, seeking to steady a softening labor market.
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The Federal Reserve on Wednesday made its final final interest rate move of the year.
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The central bank is poised to lower interest rates on Wednesday even as a growing chorus of officials urge caution.
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The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.
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