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The federal reserve is poised to cut interest rates for a second time this year, but officials are operating with limited information about how the economy is faring. The federal reserve cut its benchmark interest rate by a quarter percentage point wednesday, because the central bank is more concerned about the job market than it is with battling inflation. The october fed meeting is a key economic event, with wall street waiting to see what fed chair powell & co
Kenzie Taylor : 4theGooners
The federal reserve was widely expected to lower interest rates by a quarter point in order to support the waning job market. The fomc is broadly expected to cut interest rates in october, but the context for that potential decision and its implications for future rate moves will be monitored. The federal reserve is widely expected to cut interest rates again at its october meeting, bringing its key borrowing rate down to a level last seen in late 2022.
