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Fed Leaves October Cut on Table, And Questions About What’s Next

  • October move would be third straight reduction, echoing ’98
  • Clarida sees global risks alongside favorable domestic outlook
Jerome Powell, chairman of the U.S. Federal Reserve.

Jerome Powell, chairman of the U.S. Federal Reserve.

Photographer: Bloomberg/Bloomberg

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Federal Reserve officials have said little to take a third straight interest-rate cut off the table when they meet this month. They also haven’t said much about what they’ll do after that.