Reported about 12 hours ago
The Federal Reserve has cut interest rates by 0.25% for the second consecutive meeting while grappling with challenges arising from a government shutdown that has limited access to key economic data. This split decision saw dissent from two officials: Stephen Miran, who advocated for a larger 0.50% cut, and Kansas City's Jeff Schmid, who preferred to keep rates unchanged. Policymakers acknowledged the uncertainty in the economic outlook and emphasized that future adjustments would depend on incoming data.
Source: YAHOO