Federal Reserve poised to reduce its benchmark rate

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The world’s most powerful central bank is poised to cut its benchmark rate for the first time since 2008, with most investors expecting a quarter-percentage-point reduction. It’s not likely to satisfy a certain resident of 1600 Pennsylvania Avenue in Washington D.C., based on Monday morning tweets. “The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!” President Donald Trump said on Twitter.