Fed Poised to Cut Rates This Week, With More Easing Likely on Tap

Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the second time this year as they look to prevent further slowing in the labor market.

Odds are it won't be the last of the series. 

Climbing unemployment insurance claims suggest that labor market demand continues to cool, even as the government shutdown delays publication of most official economic statistics, including the unemployment rate, last estimated at 4.3% in August.

Milder-than-expected inflation readings, including last week's report...

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