Consumer confidence falls. But worries over the big economic picture don't necessarily translate into fewer purchases by consumers. NPR's Scott Horsley reports.
Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
The Federal Reserve is making it a little bit cheaper to borrow money. The central bank hopes to prop up the job market. But it's making no promises that rates will fall further in December.
The Federal Reserve lowered its benchmark interest rate today for the second time in six weeks. The central bank is trying to shore up the sagging job market.
The Federal Reserve cut its benchmark interest rate by a quarter percentage point Wednesday, because the central bank is more concerned about the job market than it is with battling inflation.