Federal Reserve cuts interest rates by 0.25% for second straight meeting, 2 officials vote against move as shutdown challenges mount

Federal Reserve cuts interest rates by 0.25% for second straight meeting, 2 officials vote against move as shutdown challenges mount

The Federal Reserve cut interest rates by a quarter percentage point Wednesday for the second meeting in a row, even as the government shutdown has left policymakers without key data to guide monetary policy. The central bank voted in a split decision to cut its benchmark interest rate to a range of 3.75% to 4.00%….

Read More
Morning Bid: Dollar rejuvenated

Morning Bid: Dollar rejuvenated

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The dollar is on course for its best week of the year, as unfolding U.S. trade deals are succeeding in raising tariffs without attracting much retaliation or causing major economic damage so far. A…

Read More