Three-peat? Fed copies 1990s playbook in bid to avert a downturn
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WASHINGTON (Reuters) - In the midst of what became a golden decade for the U.S. Federal Reserve, central bankers twice in the 1990s cut interest rates in short bursts that managed to help the U.S. economy continue growing despite slowing investment and weak growth overseas.Today's Fed hopes a third time proves just as charmed.In their latest two-day policy meeting this week, Fed officials look set to nudge the economy along in similar fashion with their third consecutive rate cut. That would..