Federal Reserve set to cut rates again while facing hazy post-election outlook

No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year.

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The presidential contest might still be unresolved when the Fed ends its twoday meeting Thursday afternoon, yet that uncertainty would have no effect on its decision to further reduce its benchmark rate.