Fed cuts key rate by quarter-point amid internal discord
Two officials voted to keep the rate unchanged, while Stephen Miran, whom Trump appointed in September, voted for a half-point cut.
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It's FOMC meeting week. Here's what the Federal Reserve cares about
Inflation has been stubbornly hanging around 2.8% for months. That’s above the Federal Reserve's 2% target. Meanwhile, key areas of the labor market are showing signs of weakness.
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