Fed Cuts Interest Rates For Third Time This Year

The video discusses recent changes in interest rates by central banks, with rates now between 1.5% and 1.75%. Fed Chairman Jerome Powell notes the cuts are due to faltering business investments, despite moderate economic growth and strong household spending. Business investment and exports remain weak, and manufacturing output has declined. This is the third rate cut since July, the first since the 2008 recession. Powell suggests rates may pause, as current policies seem appropriate.

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