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Federal Reserve Cuts Rates Again Amid Labor Market Concerns

1 min read
Source: CNBC
Federal Reserve Cuts Rates Again Amid Labor Market Concerns
Photo: CNBC
TL;DR

The Federal Reserve cut interest rates for the second time this year to 3.75%-4%, ending its asset reduction program, but Chair Jerome Powell expressed uncertainty about further cuts in December, citing differing views among officials and economic data uncertainties.

Topics:top-newsbusiness#business#federal-reserve#inflation#interest-rates#monetary-policy#quantitative-tightening
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  1. Fed cuts rates for the second time this year, will end balance sheet run-off in December  CNBC
  2. Federal Reserve cuts rates to lowest level in three years  CNN
  3. Federal Reserve cuts key interest rate for the second time this year  NBC News
  4. Fed Meeting Live Updates: Fed Cuts Interest Rates as Officials Worry About Labor Market  The New York Times
  5. Here's what changed in the new Fed statement  CNBC

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