Reported about 13 hours ago
The Federal Reserve lowered interest rates by 25 basis points during its October meeting, surprising analysts with dissenting opinions from two Fed governors. While some members advocate for larger cuts due to inflation concerns, others prefer maintaining the current rates amidst slower job growth. Fed Chair Jerome Powell's upcoming press conference is anticipated for further insights on these divisions and the state of the economy, which the Fed claims continues to grow at a moderate pace.
Source: YAHOO