Fed Chair Jerome Powell speaks to reporters in Washington, D.C., Wednesday after announcing a 50-basis-point rate cut. Credit/Federal Reserve Fed Chair Jerome Powell speaks to reporters in Washington, D.C., Wednesday after announcing a 50-basis-point rate cut. Credit/Federal Reserve

After staying at 5.3% for more than a year, the Fed cut interest rates by 50 basis points Wednesday and signaled more cuts to come.

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Jim DuPlessis

A journalist for decades.

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