#CNBC Fed cuts rates by a quarter percentage point to a range of 3.75% – 4%

Fed cuts rates by a quarter percentage point to a range of 3.75% – 4%
The Federal Reserve policymakers announced a quarter percentage point, or 25 basis point, cut to its overnight lending rate on Wednesday, bringing the benchmark rate to a targeted range of between 3.75% to 4%. The vote was 10-2.

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