US Federal Reserve cuts rates again but cautions another in December is far from certain

The US Federal Reserve has lowered interest rates for the second time this year, despite having only partial data to assess the state of the economy because of the ongoing government shutdown. The quarter percentage point cut brings the Federal Funds Rate to a range of 3.75% to 4%. The central bank also announced it would stop reducing the size of its balance sheet in December. Also in the segment, Boeing posted $5.4 billion in third-quarter loss weighed down by delays in its 777X rollout.