The Federal Reserve announced a highly anticipated interest rate cut Wednesday, a move indicating that concerns about a slowing labor market now outweigh ongoing worries about inflation. It's the Fed's first rate cut this year. Policymakers opted for a quarter-point cut to the central bank's benchmark rate, in line with expectations. It's now set at 4% to 4.25%. "The labor market is really cooling off," Fed Chair Jerome Powell said at a news conference Wednesday after the annou

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