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Maroc Maroc - WASHINGTONTIMES.COM - Auto - 18/Sep 18:02

Fed lowers interest rates by half-point; first cut in more than four years

The Federal Reserve cut a key interest rate Wednesday for the first time in more than four years of inflation fighting, reducing its benchmark rate by half a percentage point in a sign that the central bank is now more focused on a weakening job market than on high prices.

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