Reported about 17 hours ago
As the government shutdown continues, the Federal Reserve is set to hold a policy meeting this week, facing challenges in decision-making due to the lack of essential economic data. Despite this, officials are anticipated to reduce the benchmark interest rate by a quarter percentage point for the second time this year, relying on private data that suggests a weakening job market. With inflation modestly easing, the Fed finds itself in a precarious position, balancing risks associated with employment and price stability.
Source: YAHOO