Policymakers this week reduced the U.S. central bank’s benchmark interest rate by a quarter percentage point and signaled more cuts lie ahead to stave off a slumping job market and a slowing economy. The shift could reduce borrowing costs and hasten investments in energy-intensive projects that bolster natural gas demand.
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At A Glance:
Fed cuts key rate by a quarter pointChange may signal weaker economyMore reductions could spur spending