The Federal Reserve announced Thursday that it would lower its federal funds rate target range by 0.25% in a push to boost the U.S. economy. The Fed’s decision to lower the range to between 4.50% and 4.75% follows a September cut of 0.50% as inflation decelerates and the labor market softens. The previous rate cut was preceded by several democratic senators calling for an aggressive move from the Fed, with speculation that a large cut could help boost Vice President...