Federal Reserve cuts key rate for first time this year

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market. #interestrates #news Subscribe: http://smarturl.it/AssociatedPress Read more: https://apnews.com​ This video may be available for archive licensing via https://newsroom.ap.org/home