Fed cuts rates by one-quarter percentage point while hinting at a policy pause

THE FEDERAL RESERVE reduced interest rates by one-quarter percentage point for the third time this year but signaled that it may stop reducing rates for now. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
THE FEDERAL RESERVE reduced interest rates by one-quarter percentage point for the third time this year but signaled that it may stop reducing rates for now. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
WASHINGTON – Federal Reserve officials reduced interest rates by one-quarter percentage point for the third time this year and hinted they may now put monetary policy on hold, for one meeting at least. The Federal Open Market Committee altered language in its statement following the two-day meeting Wednesday, dropping its pledge to “act as appropriate…

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