Fed rate cut and dovish signals a chance to let economy play out
Move comes as strong US consumer data offset slowdown in factory activity related to trade war
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The US Federal Reserve started the year with a u-turn, but now the central bank is screeching to a halt, which could give investors yet another jolt.
The Fed cut interest rates for the third time in 2019 in a policy decision announced on Wednesday (Thursday morning, Singapore time).
But the accompanying statement from chairman Jerome Powell's board also hinted that the central bank was pulling the brakes on additional cuts in the short term.
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