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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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During a news conference, Federal Reserve Chair Jerome Powell noted that members of the rating-setting FOMC were far from unified about what the central bank’s next move should be. Find more: cnb.cx/4p3yb99 | CNBC
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