ADP report reveals unexpected job losses, intensified by the ongoing government shutdown and delayed BLS data.
The 25-basis-point reduction aims to bolster a cooling economy amid slower job growth and easing inflation.
Citing a weakening labor market, the central bank lowered its benchmark rate by 25 basis points to a target range of 4.0% to 4.25%.
Appeals court rules former president exceeded authority, but tariffs remain in place pending potential Supreme Court review.
Trump administration cancels $679 million in federal support and halts a nearly-complete project, citing national security concerns.
The July Core PCE Price Index rose to 2.9% annually, matching consensus forecasts but doing little to move the needle on a September rate cut.
Upward revision from the Bureau of Economic Analysis was driven by stronger business investment and consumer spending.
Industrial giant lowers its full-year profit margin outlook as it braces for an escalating impact from global trade disputes.