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Euronews
Euronews
Gavin Blackburn

US Federal Reserve cuts key interest rate but signals higher bar for future reductions

The US Federal Reserve reduced its key interest rate for the third time in a row on Wednesday but signalled that it may leave rates unchanged in the coming months, a move that could attract anger from President Donald Trump, who has demanded steep reductions to borrowing costs.

Wednesday's cut reduced the rate to about 3.6%, the lowest it has been in nearly three years.

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