Home Business The Fed cuts interest rates again as concerns grow about the job market

The Fed cuts interest rates again as concerns grow about the job market

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Federal Reserve Chair Jerome Powell and his colleagues cut their benchmark interest rate by a quarter point Wednesday in an effort to prop up the sagging job market.

The Federal Reserve cut its benchmark interest rate by a quarter percentage point Wednesday, because the central bank is more concerned about the job market than it is with battling inflation.

(Image credit: Kent Nishimura)

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