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Federal Reserve bank building Even though the rate cut from the Fed is small, it has lofty goals.

Borrowers will be rejoicing; savers, not so much. Even though the rate cut from the Fed is small, it has lofty goals—to head off a slowing economy and potential job losses that would likely affect those at the lower end of the pay scale far more than it would those at the higher end.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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