The Federal Reserve cut its interest rate on Wednesday for the third straight time this year.

The central bank lowered rates by a quarter of a point.

The move appears to signal that a majority of Federal Reserve board members think a rate cut will help boost a weaker labor market.

Most experts predicted a cut, but it wasnt a clear-cut decision, according to Thomas Stockwell, an assistant professor of economics at the University of Tampa.

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This was a very difficult meeting for the Federal Reserve, Stockwell said. There was a lot of evidence that suggested that a rate cut was needed, but there is also a lot of evidence that suggested a rate cut wasn't needed.

Stockwell says the decision was

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