Federal Reserve cuts key rate, signals higher bar for future reductions

The United States Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signalled that it may leave rates unchanged in the coming months. In a statement released after a two-day meeting, the Fed’s rate-setting committee signalled that it may keep its rate unchanged in the coming months. And in a set of quarterly economic projections, Fed officials signalled they expect to lower rates just once next year.