Fed cuts US interest rates again despite 'flying blind'

The US Federal Reserve cuts interest rates despite concerns about a slowing labor market and lack of official data due to the government shutdown. The rate cut of 0.25 percentage points aims to stimulate the economy and ease borrowing costs. Although some Fed members disagreed on the decision, the central bank focuses on boosting the labor market amidst lower-than-expected inflation due to tariffs. The Fed also plans to halt shrinking its balance sheet in December after three years, signaling a shift in monetary policy.