New York Post

Fed cuts interest rates by quarter point for second time in a row, showing concern about job market

FOX News

Fed cuts interest rates for second time this year amid labor market weakness

The Fed is expected to cut interest rates as job market shows signs of weakness

The New York Times

Federal Reserve Interest Rates

The Wall Street Journal

Fed Cuts Interest Rates Federal Reserve By Another Quarter Point But Data Blackout Obscures The Path Ahead 0268Bdf6

CNBC

Fed live updates: Powell says another rate cut in December 'is not a foregone conclusion'

Townhall

'Too Late' Powell Issues Second Interest Rate Cut

Fed Interest Rates Shutdown Data.Html

Barrons

The Fed Is Ending Quantitative Tightening

RoundtableSpace

The Federal Reserve reduced its benchmark interest rate by a quarter percentage point on Wednesday, bringing the rate to a range of 3.75% to 4%, marking the first time rates have fallen below 4% since late 2022.</span

The Federal Reserve reduced its benchmark interest rate by a quarter percentage point on Wednesday, bringing the rate to a range of 3.75% to 4%, marking the first time rates have fallen below 4% since late 2022.

The rate cut decision passed with a 10-2 vote, with Fed Governor Stephen Miran dissenting in favor of a larger half-point reduction and Kansas City Fed President Jeffrey Schmid opposing any rate cut due to inflation concerns.</span

The rate cut decision passed with a 10-2 vote, with Fed Governor Stephen Miran dissenting in favor of a larger half-point reduction and Kansas City Fed President Jeffrey Schmid opposing any rate cut due to inflation concerns.

The ongoing government shutdown has created a data blackout for Fed policymakers, with the Bureau of Labor Statistics suspending collection of employment reports and the White House warning that October's inflation data may not be published.</span

The ongoing government shutdown has created a data blackout for Fed policymakers, with the Bureau of Labor Statistics suspending collection of employment reports and the White House warning that October's inflation data may not be published.

Major corporations have announced significant layoffs recently, with Amazon planning to cut 14,000 corporate positions and Target eliminating approximately 1,000 jobs while leaving another 800 positions unfilled.</span

Major corporations have announced significant layoffs recently, with Amazon planning to cut 14,000 corporate positions and Target eliminating approximately 1,000 jobs while leaving another 800 positions unfilled.

Fed Chair Jerome Powell stated that a December rate cut is not a foregone conclusion, noting strongly differing views among committee members about future policy moves despite September projections indicating two cuts this year.</span

Fed Chair Jerome Powell stated that a December rate cut is not a foregone conclusion, noting strongly differing views among committee members about future policy moves despite September projections indicating two cuts this year.

The Federal Reserve also announced it will end its quantitative tightening program on December 1, stopping the reduction of its $6.6 trillion asset portfolio amid signs of strain in short-term lending markets.</span

The Federal Reserve also announced it will end its quantitative tightening program on December 1, stopping the reduction of its $6.6 trillion asset portfolio amid signs of strain in short-term lending markets.

Fed Cuts Rates to 3.75-4%, First Drop Below 4% Since 2022

Fed issuesCuts quarterRates pointto rate3.75-4%, cutFirst amidDrop govtBelow shutdown4% Since 2022

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Fed Cuts Rates to 3.75-4%, First Drop Below 4% Since 2022

Fed issuesCuts quarterRates pointto rate3.75-4%, cutFirst amidDrop govtBelow shutdown4% Since 2022

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