U.S. Fed cuts interest rates for third time this year as economy slows

 

A press conference is ready to be held at U.S. Federal Reserve in Washington D.C., the United States, on Oct. 30, 2019. U.S. Federal Reserve on Wednesday lowered interest rates by 25 basis points amid a further slowdown in U.S. economic growth, the central bank's third rate cut this year. (Photo by Ting Shen/Xinhua)