Fed Set to Cut Rate; Benefit Might Not Be Felt Anytime Soon ...Middle East

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Fed Set to Cut Rate; Benefit Might Not Be Felt Anytime Soon

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) – Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The Fed […]

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