Fed makes second consecutive interest rate cut
The Federal Reserve cut interest rates for the second consecutive time, despite little recent visibility on economics data due to the government shutdown. The central bank voted to lower borrowing costs by a quarter of a percentage point, with Fed chair Jerome Powell saying that no decision has been made yet on lowering rates again in December.
The Federal Reserve cut interest rates for the second consecutive time, despite little recent visibility on economics data due to the government shutdown. The central bank voted to lower borrowing costs by a quarter of a percentage point, with Fed chair Jerome Powell saying that no decision has been made yet on lowering rates again in December.
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