Breaking: USD initially rises after Fed cuts rates

-- more to come Follow all the updates in the live Fed coverage The Federal Reserve was expected to cut interest rates once again – following on the r
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FOMC lowers federal funds rate by 25 basis points to 1.75% - 2% range as expected

Following its 2-day meeting, the Federal Open Market Committee announced that it lowered the benchmark interest rate by 25 basis points to the target
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