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US Stocks churn amid uncertainty about future rate cuts

NEW YORK (AP) - U.S. stocks churned between gains and losses, but they ultimately remained near their record levels. The S&P 500 fell 0.1% Wednesday and hung near its record set at the start of the week. The Dow Jones Industrial Average rose 260 points, or 0.6%, while the Nasdaq composite fell 0.3%.

Trump basks in a display of regal splendor with King Charles III at Windsor Castle

WINDSOR, England (AP) – President Donald Trump relished the glow of a British royal spectacle on Wednesday, reveling in hours of pageantry with King Charles III while making time for a quiet tribute at Queen Elizabeth II’s tomb.

Fed cuts key rate by quarter-point and signals two more cuts this year

WASHINGTON (AP) – The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%.

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