Fed Lowers Interest Rates but Powell Sows Doubt About December Cut

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  The Fed cuts interest rates by a quarter point, but officials are divided on how much further to go.

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  Plus, how U.S.

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  allies in Asia are responding to President Trump's demand that they spend more on defense.

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  The issue that the Japanese and the South Koreans fear is, hey,

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  if we spend more on our defense, does that mean the U.S.

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  wants out of this region?

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  Or at least a lesser role in this region?

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  So it's a weird situation here where it's kind of like a damn if they do, damn if they don't.

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  And the streak of job losses continues with thousands more cuts announced.

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  It's Wednesday, October 29th.

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  I'm Alex O'Sullivan for The Wall Street Journal.

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  This is the PM edition of What's News,

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