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Wednesday, September 30, 2020
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MARTIN CRUTSINGER AP Economics Writer

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A divided Fed reduces rates but may not cut again this year

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but indicated that it...

Fed likely to cut rates a 2nd time as economic threats loom

WASHINGTON (AP) — The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in...

Senate approves Trump nominee Bowman for Federal Reserve

WASHINGTON (AP) — The Senate has confirmed President Donald Trump's nomination of Michelle Bowman to serve a full 14-year term on the seven-member Federal...

‘Our bigger enemy’: Trump escalates attack on Fed chief

WASHINGTON (AP) — President Donald Trump launched a furious and highly personal attack Friday on the Federal Reserve and Chairman Jerome Powell, fuming that...

Powell says Fed will aid economy, but Trump escalates attack

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that the Fed stands ready to cut interest rates further if the economy needs...

Fed officials widely divided on rates at July meeting

WASHINGTON (AP) — Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time...

Trump calls on Fed to make ‘substantial’ rate cuts

WASHINGTON (AP) — President Donald Trump is not letting up on his attacks on the Federal Reserve, calling for "substantial" Fed rate cuts to...

Consumer credit up $14.6 billion, slowest in 3 months

WASHINGTON (AP) — Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans...

Fed cuts key rate in its first reduction in more than decade

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats...

Consumer spending surges but growth rate slows in second quarter

WASHINGTON (AP) — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending.The gross domestic product, the economy's...

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