Divided Fed set to cut interest rates this week, but then what?
Federal Reserve Board Chairman Jerome Powell testifies on Capitol Hill in Washington DC/ SAN FRANCISCO (Reuters) - Deep disagreements within the Federal Reserve over the economic outlook and how the U.S. central bank should respond will not stop policymakers from cutting interest rates at a two-day meeting that began on Tuesday. An oil price spike after attacks on Saudi Arabian oil facilities over the weekend added to the list of risks facing an economy already slowed by ongoing trade tensions and global weakness. But the deep divide ...
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