FOMC Cuts Interest Rates; MBA Economist Weighs In

The Federal Reserve’s Federal Open Market Committee cut interest rates by 25 basis points Wednesday in its third consecutive reduction. The market had anticipated the change.

142,000 Jobs Added in August, Unemployment Rate Stagnant

The U.S. Bureau of Labor Statistics released jobs data from August, finding that total nonfarm payroll enrollment increased by 142,000. The unemployment rate changed little at 4.2%.