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Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
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The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.
Stay in the know with WPRI 12 News. Local news, weather, sports, and award winning investigative journalism coverage you can count on on this YouTube channel, TV, mobile app, our social channels and WPRI.com.
Stay in the know with WPRI 12 News. Local news, weather, sports, and award winning investigative journalism coverage you can count on on this YouTube channel, TV, mobile app, our social channels and WPRI.com.
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