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Fed cuts interest rates citing “risks” to jobs market
This version of Mmvo247804997694 - Breaking News | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.
The quarter point rate cut was the first in nine months as Fed Chair Jerome Powell said the Fed is trying to find the balance between its dual mandate of maximizing employment and keeping inflation in check. NBC News’ Christine Romans reports on what the impact to your borrowing costs may be.
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