Reported about 14 hours ago
The Federal Reserve reduced interest rates by 0.25% for the second consecutive meeting, despite the ongoing government shutdown complicating data collection. This decision saw dissent from officials Stephen Miran, who favored a 0.50% cut, and Kansas City Fed president Jeff Schmid, who preferred to keep rates unchanged. The Fed acknowledged that the shutdown has hindered its ability to accurately assess the economy and indicated a cautious approach towards future rate cuts due to inconsistent employment and inflation data.
Source: YAHOO