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Federal Reserve policymakers lowered their main interest rate for a second time this year while splitting over the need for further easing, caught between uncertainty over trade and global growth and a domestic economy that’s holding up well.

The benchmark rate was lowered by a quarter percentage point, to a range of 1.75 percent to 2 percent, “in light of the implications of global developments for the economic outlook as well as muted inflation pressures,’’ the Federal Open Market Committee (FOMC) said in a statement on Wednesday in Washington. It continued to characterize the U.S. labor market as “strong” with “solid” job gains.

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