Federal Reserve Expected to Cut Interest Rates Amid Divided Opinions and Economic Risks

The Federal Reserve is expected to cut its key interest rate on Wednesday, potentially signaling another cut in December, as it aims to support hiring amid economic uncertainties caused by a government shutdown and mixed economic data. The rate cut aims to lower borrowing costs and bolster the sluggish housing market, but the Fed remains cautious due to weak job gains, elevated inflation, and limited economic data. Market expectations for another rate cut in December are high, though the Fed's future moves depend on upcoming economic indicators.