Federal Reserve Cuts Key Interest Rate For Second Time This Year

By Brett Rowland | The Center Square(Worthy News) – The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump wants the central bank to reduce rates.The move lowers the Fed’s benchmark short-term interest rate to a range between 3.75% and 4%, the lowest in three years. That’s down from a peak of around 5.4%.“Available indicators suggest that economic activity has been expanding at a m