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Fed Was Divided About Interest Rate Cut

WASHINGTON — Federal Reserve officials were sharply divided when they voted to cut interest rates for the first time in a decade in late July, newly released minutes from their meeting show. Officials lowered borrowing costs by a quarter of a percentage point at the meeting, citing slowing global growth, …

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Why Rate Cuts Don’t Help Much Anymore

The worry, arising from some important new research, is that the benefits of Fed rate cuts in today’s environment may be substantially overrated. Typically, when rates drop, consumers buy more durable goods like washing machines and cars, homeowners refinance their mortgages and effectively get a tax cut, and businesses invest …

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