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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The Federal Reserve on Wednesday approved its second straight inter…
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Because of the ongoing federal government shutdown, federal SNAP benefits are not expected to be distributed in November. NBC 5 Investigates is investigating how the shutdown affects North Texas families needing food assistance. #SNAPBenefits #governmentshutdown | NBC DFW
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Following the Fed's decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact. Read more: https://abcnews.visitlink.me/JZsjcG | ABC News
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Powell on how the lack of government data could impact rate decisions
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Fed Chair Jerome Powell was asked on Wednesday about the ongoing federal government shutdown, which is currently the second-longest in U.S. history, and how it could make policy decisions more challenging for the central bank going forward. The shutdown presents a lack of economic data as the federal government has halted the collection of key reports on employment and inflation until it reopens. Read more: cnb.cx/4p3yb99 | CNBC
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Fed Chair Jerome Powell was asked on Wednesday about the ongoing …
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Trump backs off federal surge in San Francisco, city progressing on crime, mayor says
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Tensions continue to rise between Democrats and Republicans as the shutdown puts 42 million Americans on the verge of losing federal food aid. | Analysis Read more: https://cnn.it/47tmgKx | CNN
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