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Dow closes lower, giving up gain after Powell signals Fed may not cut again this year CNBCFederal Reserve cuts rates to lowest level in three years CNNDow Slips After Powell Dims Hopes for December Rate Cut The Wall Street JournalFederal Reserve cuts interest rates by 0.25% for second straight meeting, 2 officials vote against move as shutdown challenges mount Yahoo Finance
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The Fed cut interest rates slightly on Wednesday to steady the economy amid a weakening job market, as a long government shutdown has clouded its view of the economy.
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The Federal Reserve cut its benchmark interest rate by a quarter percentage point Wednesday, because the central bank is more concerned about the job market than it is with battling inflation.
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