WASHINGTON: Federal Reserve officials viewed their interest-rate cut last month as insurance against headwinds from the trade war and low inflation – reasons that look even sharper as they move toward their meeting in September.
Minutes of the Federal Open Market Committee’s (FOMC) July 30-31 meeting released on Wednesday in Washington laid out the reasons for the quarter percentage-point cut, highlighting risks to the outlook even though the US economy, for now, is performing well.
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