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Fed cuts interest rates by 0.25% amid job market concerns and divided views on inflation.
Most Federal Reserve officials backed a quarter-point interest rate cut in September, lowering the benchmark rate to about 4.1%, citing growing concerns over weakening job market conditions.
While inflation risks were seen as stable or declining, deep divisions remained within the policymaking committee, with some urging caution due to inflation still above the 2% target, and others, including new member Stephen Miran, pushing for larger cuts.
The decision aimed to lower borrowing costs for mortgages, auto loans, and business financing.
Delays in key economic data due to the government shutdown limited the Fed’s ability to assess conditions.
La Fed reduce las tasas de interés en un 0,25% en medio de preocupaciones sobre el mercado laboral y opiniones divididas sobre la inflación.