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The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.
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Although both sides said progress has been made - Trump said things were "pretty much finalized" - no agreement has been signed yet. The framework includes gradual investments, cooperation on shipbuilding and the lowering of Trump's tariffs on South Korea's automobile exports, according to Kim Yong-beom, Lee's chief of staff for policy.
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Central bank votes to lower cost of borrowing even as US government shutdown limits data for decision
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News and Media
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