WASHINGTON — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.
"Job gains have slowed this year, and the unemployment rate has edged up but remained low through August," the Fed said in a statement. "More recent indicators are consistent with these developments." The government hasn't issued unemployment data after August because of the shutdown.
The decision brings the Fed's key rate down to about 3.9%, from about 4.1%.
FIRINGS BANNED: A federal judge in San Francisco indefinitely barred the Trump administration Tuesday from firing federal employees during the government shutdown, saying that labor unions were likely to prevail on their claims that the cuts were politically motivated.
FOOD AID: Two federal judges ruled almost simultaneously Friday that President Donald Trump's administration must continue to fund the Supplemental Nutrition Assistance Program, the nation's biggest food aid program, either partially or in full for November using contingency funds as the government shutdown extended past 30 days.
REDISTRICTING: President Donald Trump's call for Republicans to redraw U.S. House districts ahead of next year's election triggered an unusual spate of mid-decade gerrymandering among both Republicanand Democratic-led state legislatures. This past week, Ohio, Virginia and Louisiana took steps toward redrawing voter maps.
Akron has multiple 'hotspots' of real estate investor activity. Here's what that means
Laurels and barbs
Advisor News
- Semi-retirement: helping clients balance flexibility with financial security
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
More Advisor NewsAnnuity News
- Athene CEO criticizes offshore reinsurance, risk-taking by competitors
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
More Annuity NewsHealth/Employee Benefits News
- Cost of employer-sponsored health insurance plans rises again, nonpartisan survey finds
- Sen. Baldwin proposes lowering Medicare eligibility age to 50
- SENS. OSSOFF CONTINUING PUSH TO BAN HEALTH INSURANCE COMPANIES FROM DENYING OR DELAYING NEEDED HEALTH CARE
- Reed: Can this father be appointed child's guardian?
- Data on Managed Care Described by Researchers at Johns Hopkins University (Locating the Gender Payment Gap Among Recent Cardiothoracic Surgery Graduates: A Bottom-up Analysis of Medicare Payments): Managed Care
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Fubon Insurance Vietnam Co., Ltd.
- Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
More Life Insurance News