The Fed just cut interest rates again, this time by a quarter of a percentage point

The Federal Reserve just cut interest rates for the second time this year, a move that was largely expected as inflation continues to drop. The Fed lowered rates by a quarter of a percentage point to 4.5% to 4.75%.

The decision came on the heels of the lowest rise in inflation since 2021. The Consumer Price Index (CPI) technically increased by 0.2% in September, but this rise was minimal compared to what consumers have seen in the last few years.

"Unexpectedly low October job growth...