Fed Votes on Second Rate Cut

01 mins 39 secs

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In the most divided vote since 2014, the Fed voted 7-3 to lower interest rates by 25 basis points to 1.75-2%. Fed Chair Jay Powell said he sees a benefit in having diverse perspectives. He added that sometimes the path is very clear but that’s not the case right now given weakening global growth and trade developments that the Fed is monitoring. 

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