Fed Officials Cut Rates Last Month Amid Worries on Trade, Global Growth


WASHINGTON—Federal Reserve officials worried that weakness in manufacturing, trade and business investment could threaten the economic expansion by triggering cutbacks in hiring and consumer spending when they cut interest rates last month.

“Risks to the outlook associated with global economic growth and international trade were still seen as significant despite some encouraging geopolitical and trade-related developments,” said minutes of the Oct. 29-30 policy meeting, which were released on Wednesday.

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