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The central bank cut interest rates by a quarter of a percentage point, seeking to steady a softening labor market.
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The central bank's decision to lower interest rates for a third straight meeting was highly contentious, reflecting an internal divide that will likely limit how much borrowing costs will fall next year.
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Three members of the Federal Open Market Committee didn't agree with the central bank's quarter percentage point cut on Wednesday.
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Federal Reserve issues FOMC statement Federal Reserve Board (.gov)The Fed just cut interest rates for the third-straight time CNNA divided Fed cuts interest rates again as economic concerns persist NBC NewsFed Meeting Live Updates: Central Bank Lowers Interest Rates Again The New York Times
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Sperm donor with cancer-causing gene fathered nearly 200 children across Europe, investigation finds CBS NewsSperm from donor with cancer-causing gene was used to conceive almost 200 children BBCSperm bank sold man's cancer-linked genes across Europe DWCancer-causing gene in donor's sperm used across Europe RTE.ie
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See how the central bank's interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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The divided Federal Reserve is considering cutting interest rates today. And, Afghans in the U.S. who fought for the CIA say they feel abandoned by the agency.
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The move shows how some banks are choosing to partner with fintech firms rather than building their own platforms to keep up with evolving tech expectations.
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