US Federal Reserve cuts interest rates for second time in a year
The Federal Reserve lowered interest rates again on October 30 as it seeks to ensure economic growth and hiring, even as inflation stays elevated. It is the first time since the Fed’s rate-setting committee was established in the 1930s that officials have set monetary policy while lacking an entire month of crucial employment data, due to the government shutdown.
The Federal Reserve lowered interest rates again on October 30 as it seeks to ensure economic growth and hiring, even as inflation stays elevated. It is the first time since the Fed’s rate-setting committee was established in the 1930s that officials have set monetary policy while lacking an entire month of crucial employment data, due to the government shutdown.
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