Chair Jerome Powell pushed back against assumptions that a December rate cut was highly likely. Wednesday’s cut drew dissent from opposite sides.

The Federal Reserve has said it will halt its effort to shrink its balance sheet in December as it cut rates by a quarter point, in a bid to ease borrowing conditions amid concerns about the US labour market.

The US Federal Reserve on Wednesday announced its second consecutive quarter-point rate cut to bolster the flagging labor market, in a move that highlighted the growing division in its ranks.

Federal Reserve Board Chairman Jerome Powell announced on Wednesday that the Federal Open Market Committee will slash interest rates by a quarter of a percent. The Federal Reserve announced that it slashed interest rates for the second time this year amid rising unemployment and increasing inflation.

A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and announced it will restart limited purchases of

The Fed lowering rates can have a variety of financial consequences, but the line between a Fed rate cut and the interest rates you receive on certain consumer products isn’t always a straight one. The Fed chose to lower the federal-funds rate by a quarter of a percentage point,