The US Federal Reserve, under intense pressure from President Donald Trump to stimulate the economy, yesterday cut the benchmark interest rate for the first time in more than a decade but struggled to justify the move or explain where it goes next.
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US Fed cuts key interest rate to 'insure' against global uncertainties
2019-08-01 14:20
The US Federal Reserve, under intense pressure from President Donald Trump to stimulate the economy, yesterday cut the benchmark interest rate for the first time in more than a decade but struggled to justify the move or explain where it goes next.