A big reason the Fed is reducing rates is because hiring has slowed, unemployment has picked up
Fund flows seen slowing in months ahead as rates ease
Deposit costs will ease, but it will take time for banks' margins to improve
Payrolls rebound, and vacancies drop
Latest federal government reforms will be more effective than previous budget pronouncements
Strong consumer spending and business investment drove the result
Lower rates expected to ease burden on highly indebted household sector
Strong growth, declining inflation, and easing monetary policy to drive global output
Stronger-than-expected output to get a hand from monetary easing
The central bank's next interest rate announcement is scheduled for Oct. 23