NEW YORK -- The U.S. Federal Reserve cut interest rates for the first time in more than four years on Wednesday, by half a percentage point to a range between 4.75% and 5%, aiming for a soft landing that gets inflation under control without causing a recession.
Finance
Fed cuts rates for first time in 4 years, by half a percentage point
Yen at 142 to dollar following news of lower U.S. interest rates
The U.S. Federal Reserve cut interest rates on Sept. 18 in response to strong economic data. © Reuters
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