The US Federal Reserve took interest rates down to lowest level in three years with another quarter point cut on Wednesday but stock markets fell as it said further rate cuts this year are not a foregone conclusion in a divided rate-setting committee. Photograph: Alex Wong/Getty Images
The Federal Reserve has said it will halt its effort to shrink its balance sheet in December as it cut interest rates by a quarter point, in a bid to ease borrowing conditions amid concerns about the US labour market.
The central bank’s
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