Fed cuts rates by quarter point and signals potential for more

THE FEDERAL RESERVE has cut interest rates by a quarter of a percentage point. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
THE FEDERAL RESERVE has cut interest rates by a quarter of a percentage point. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
WASHINGTON – The Federal Reserve reduced interest rates for the first time since the financial crisis and hinted it may cut again this year to insulate the record-long United States economic expansion from slowing global growth. Central bankers voted, with two officials dissenting, to lower the target range for the benchmark rate by a quarter-percentage…

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