Federal Reserve cuts interest rates by 0.25%

The Federal Reserve cut interest rates by a quarter percentage point Wednesday for the second meeting in a row.

- FPJ News Service

Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up but remained low through August; more recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevatedThe Committee seeks to achieve maximum e