The Federal Reserve cut interest rates by a quarter percentage point Wednesday for the second meeting in a row — and it might not be the last. | Yahoo Finance
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The Federal Reserve on Wednesday approved its second straight interest rate cut, a widely expected move that came despite little recent visibility on the economy due to the government shutdown. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. Read more: cnb.cx/4oH4tGz | CNBC
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Because of the ongoing federal government shutdown, federal SNAP benefits are not expected to be distributed in November. NBC 5 Investigates is investigating how the shutdown affects North Texas families needing food assistance. #SNAPBenefits #governmentshutdown | NBC DFW
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Following the Fed's decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact. Read more: https://abcnews.visitlink.me/JZsjcG | ABC News
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Fed cuts rates quarter point, with two dissents showing division #shorts #powell #fed #markets
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Powell on how the lack of government data could impact rate decisions
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