Fed Cuts Rates Again Amid Weakening Business Investment

The Federal Reserve has issued its latest FOMC statement, indicating that the labor market remains strong and economic activity is rising at a moderate rate.

Job gains have been solid in recent months, with an average of strong employment numbers. The unemployment rate has remained low.

However, business fixed investment and exports have weakened despite household spending rising at a strong pace.

The Fed also noted that overall inflation and inflation for items other than food and energy are running below 2 percent on a 12-month basis.