Jerome Powell On US Government Shutdown | Fed Rate Cut News Today | FOMC Meet Outcome
Автор: NDTV Profit
Загружено: 2025-10-29
Просмотров: 1070
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The US Federal Reserve on Wednesday announced a quarter-of-a-percentage point of rate cut, as it pointed towards the sluggish growth in jobs and uptick in unemployment. The 25-basis point reduction has trimmed the overnight lending rates to a range of 3.75–4%, as against the prevailing 4–4.25%. This was in line with the expectations, as the CME Fed Watch had projected a 97.2% probability of quarter point rate cut. The Fed decision was not unanimous, as Governor Stephen Miran voted for a 50 basis points cut, whereas Governor Jeffrey Schmid was in view of maintaining status quo. The rate reduction comes amid the ongoing federal government shutdown, which was has restricted the availability of information on the state of economy. The unemployment data for September was not released this month, due to the shutdown that has furloughed around 750,000 workers.
#fedratecut #ratecuts #usfed
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