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Associated Press

Federal Reserve Cuts Its Key Rate By A Quarter-Point But Envisions Fewer Reductions Next Year

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The Associated Press

7:42 JST, December 19, 2024

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation.

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