Fed likely to cut rates again despite 'no risk-free' path for policy, analysts say

As upside inflation pressures fade and job growth weakens, the Federal Reserve appears poised to cut short-term interest rates again on Oct. 29 at the end of its two-day meeting complicated by missing economic data due to the ongoing government shutdown. Although inflation ticked up in September and remains above the Fed’s 2% target, analysts expect the central bank to proceed with another quarter-point rate cut, viewing cooling labor market risks as more pressing than lingering price pressures, according ...