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Fed minutes show worries about economy had eased a bit - MarketWatch

Federal Reserve officials were more upbeat about the economy in late October than they had been only six weeks earlier, according to minutes of their policy discussion released Wednesday. Officials “generally viewed the economic outlook as positive,” the minutes said. “Uncertainties associated with trade tensions as well as geopolitical risks had eased somewhat, although they remained elevated,” the summary said. Officials talked about a “resilient” economy in the face of headwinds. At their meeting, the Fed voted 8 to 2 to trim rates by a quarter-point. It was the third straight meeting with a cut, bringing the benchmark fed funds rate to a range of 1.5%-1.75%. MarketWatch

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