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The Fed's Three Reasons for Cutting in July Support Another Move
Federal Reserve officials viewed their interest-rate cut last month as insurance against headwinds from the trade war and low inflation -- reasons that look even sharper as they move toward their meeting in September. Minutes of their July 30-31 meeting released Wednesday in Washington laid out the reasons for the quarter percentage-point cut, highlighting risks to the outlook even though the U.S. economy, for now, is performing well. Investors fully expect another rate cut at the Fed’s Sept. 17-18 meeting and further easing this year. A big clue could come from Chairman Jerome Powell when he speaks on Friday at ... (full story)