International

Fed Cuts Rates, Cites Data Gaps During Shutdown

By BPN News Desk
The Federal Reserve (Fed) announced a 0.25 percentage-point reduction in its benchmark interest rate, citing significant limitations in economic data due to the current U.S. federal government shutdown. Chair Jerome Powell highlighted that a lack of timely labour-market and inflation signals is making policy decisions more challenging. The rate cut drew dissent from two

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