Government shutdown has markets, the Fed, looking for alternative data
Central bank signals readiness to support growth amid softer economic data
Prices rise modestly as U.S. consumer spending shows gains
Stephen Miran calls for a benchmark rate closer to 2.5%
Decision comes as inflation stays above the 2% target
Home owners with variable mortgages expected to see a swift reduction in monthly payments
Governing Council cites a weaker economy and less upside risk to inflation as it cuts policy rate by 25 basis points
Bank of England seen as likely to keep rates steady
Economists expect a measured approach, but weak jobs data could push the Fed to act faster
Inflationary pressure, weak labour market complicate decision