Mixed Signals: Spending Up, Jobs Slowing

On Wednesday, the Federal Reserve announced a highly anticipated quarter-point cut to interest rates. But the road to future rate cuts is pretty murky. WSJ’s Nick Timiraos explains how missing government data is obscuring the Fed’s view of the economy, and why Fed Chair Jerome Powell says a December rate cut is “not a foregone conclusion.” Ryan Knutson hosts.

Further Listening: 

- The Government Shutdown: Who Will Blink First?

- The Drama at the Fed as It Debates Cutting Rates 

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