|
Even though they had no access to hard economic data due to the government shutdown, the Fed cut rates anyway.
|
RELATED ARTICLES | | |
|
The Fed cut interest rates slightly on Wednesday to steady the economy amid a weakening job market, as a long government shutdown has clouded its view of the economy.
|
|
The Federal Reserve cut interest rates by a quarter point for the second time this year, but the probability of a reduction at its next meeting fell after Jerome Powell, the central bank's chair, said that officials held "strongly differing views."
|
|
The Federal Reserve cut its benchmark interest rate by a quarter percentage point Wednesday, because the central bank is more concerned about the job market than it is with battling inflation.
|
RELATED ARTICLES | | |
|
Federal Reserve issues FOMC statement Federal Reserve Board (.gov)Fed looks set to cut rates for second time this year despite data blackout CNNHere's what changed in the new Fed statement CNBCFederal Reserve cuts interest rate NBC News
|
|
