Axis Bank on Reels

The Federal Reserve on Wednesday approved its second straight interest rate cut, a widely expected move that came despite little recent visibility on the economy due to the government shutdown. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. Read more: cnb.cx/4oH4tGz | CNBC

During a news conference, Federal Reserve Chair Jerome Powell noted that members of the rating-setting FOMC were far from unified about what the central bank’s next move should be. Find more: cnb.cx/4p3yb99 | CNBC