The Federal Reserve cut interest rates by a half-percentage point Wednesday and is projecting another half-percentage point cut over the course of its remaining two meetings this year, signaling a faster pace of monetary stimulus than analysts had been expecting over the summer. The Fed expects the interbank lending rate to drop to a median level of 4.4 percent by the end of this year, down from 5.1 percent as projected in June. The central bank is expecting a higher level of unemployment in the economy than it did in June, with the unemployment expectation rising to 4.4 percent through 2024 from 4.0 percent. Unemployment dipped slightly in August to 4.2 percent after bucking upward
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