Fed cuts key rate in its first reduction in more than decade

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and a dim global outlook.

The Fed also repeated a pledge to "act as appropriate to sustain the expansion" — wording that the financial markets have interpreted as a signal of possible future rate cuts.

http://www.startribune.com/fed-is-poised-to-cut-rates-for-first-time-in-a-decade/513424342/