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wn.com - 3 days ago

Xinhua world news summary at 0030 GMT, Oct. 30

WASHINGTON -- The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points to 3.75 to 4 percent, marking its second rate cut this year. Available indicators suggest that economic activity has been expanding at a moderate pace, job gains have...


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