Trump Rallies in Uniondale, New York

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market.The Fed’s new Summary of Economic Projections showed policymakers see the Fed’s benchmark rate, now at 4.75 percent–5.0 percent,