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Fed cuts rates again but throws cold water on a December rate cut

The Federal Reserve cut interest rates by 0.25% on Wednesday, even as the ongoing government shutdown restricts the release of critical economic data — though Fed chair Jerome Powell threw cold water on Wall Street's bets on another rate cut by year-end.

Why it matters: It's the second straight rate cut aimed at safeguarding America's weakening jobs market, but the Fed policymakers were sharply divided, and the path of interest rates ahead looks uncertain


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