Puerto Rico Braces for Flooding Ahead of Tropical Storm Karen

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Fed Cuts Rates By Quarter Point But Faces Growing Split

Fed Cuts Rates By Quarter Point But Faces Growing Split

WASHINGTON—The Federal Reserve cut its benchmark interest rate by a quarter-percentage point for the second time in as many months to cushion the economy against a global slowdown amplified by the U.S.-China trade war. Fed Chairman Jerome Powell left the door open to additional cuts and repeatedly cited the costs of rising trade-policy uncertainty. But…