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Fed cuts rates for third time ahead of Christmas holiday

By Morgan Sweeney | The Center Square (The Center Square) – The Federal Reserve on Wednesday again cut interest rates, just ahead of the Christmas holiday. In a 10-3 vote, the central bank lowered its benchmark lending rate by another quarter percentage point, bringing target rates to 3.5% to 3.75%. Wednesday was the Fed’s third consecutive rate cut since September, which marked the beginning of the first cutting cycle since December 2024. For eight months, the Fed held rates steady at 4.25% to 4.5%; at the Federal Open Market Committee’s last three meetings, it has lowered rates by 0.25% each...

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PSC sets public comment hearing on WV American Water double-digit rate hike request

Screenshot By Mike Tony Charleston Gazette-Mail The West Virginia Public Service Commission has scheduled a public comment hearing on a West Virginia American Water double-digit rate increase proposal panned by rate-payer advocates — after the PSC’s chairman signaled support for raising custom-er bills during another hearing last week. West Virginia American...

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