Fed cuts US interest rates again despite 'flying blind'

THE US Federal Reserve on Wednesday pushed forward with an interest rate cut as inflation fears continue to take a backseat to concerns about a stalling labour market.

- 

It came despite the US Government shutdown nearing its one-month mark, which delayed official data and left Central Bankers “flying blind” about the job market, economists said.

jump-start further reductions, but the data drought means the trajectory for future cuts looks murky.

Two voting members on the Fed’s committee opposed the Central Bank’s decision on Wednesday.