From PBS NewsHour.

The Federal Reserve on Wednesday cut its top-line interest rate by a quarter-point for the second time this year. Speaking to reporters, Chair Jerome Powell said the long-running risk of higher inflation had to be balanced with signs of weakness in the job market. He said another cut this winter is not a guarantee. Adding to the uncertainty over the Fed’s next meeting is a lack of economic data, with many reports affected by the ongoing government shutdown.

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