wn.com - 2 days ago

The Federal Reserve on Wednesday approved its second consecutive interest rate cut, a widely anticipated move that came despite limited visibility into the economy due to the ongoing government shutdown. By a 10-2 vote, the Federal Open Market Committee (FOMC) reduced the benchmark federal funds rate by 25 basis points to a range of 3.75%–4%, while also announcing plans to end its quantitative tightening (QT) program on December 1. The decision marks a cautious effort by the Fed to balance concerns about slowing employment with persistent inflation pressures.Mixed signals and dissenting votes Two FOMC members dissented from the...

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