Fed's Rate Cut Offers Limited Relief for US Factories Facing China Competition

Date:

September 24, 2024

By Timothy Aeppel (Reuters) – Drew Greenblatt loves that the Federal Reserve has cut interest rates. But the half-point reduction, the first in what is expected to be a series of cuts, won’t help him win what he calls the “trench warfare” he’s fighting with one of his big customers. That buyer moved …

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