The US Federal Reserve has lowered rates of interest for the second time this yr, regardless of having solely partial knowledge to evaluate the state of the financial system due to the continued authorities shutdown. The quarter share level reduce brings the Federal Funds Charge to a variety of three.75% to 4%. The central financial institution additionally introduced it might cease decreasing the scale of its steadiness sheet in December. Additionally within the section, Boeing posted $5.4 billion in third-quarter loss weighed down by delays in its 777X rollout.
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