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Fed Expected to Cut Another Key Interest Rate

The Federal Reserve meets Tuesday to decide whether to lower a key interest rate. Over the weekend, the central bank approved a cut in its emergency lending rate to financial institutions and became a lender of last resort for investment houses to begin securing short-term emergency loans.

Renee Montagne talks with David Wessel of the Wall Street Journal about the Fed's recent actions.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

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