The Federal Reserve Plans to Slash its Bank Oversight Team by Nearly a Third, Reports The Wall Street Journal

For the second consecutive meeting, the Federal Reserve trimmed interest rates by 0.25%, despite opposition from two officials, as the US government shutdown poses growing economic concerns.

The Federal Reserve has cut interest rates for the second time in a row, reducing its benchmark rate to a range of 3.75% to 4.00%. The decision was made despite the ongoing government shutdown, which has left policymakers without key data to guide monetary policy. The...