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Federal Reserve Drops Benchmark Interest Rate Again

WASHINGTON — The Federal Reserve on Wednesday voted to drop the benchmark interest rate by a quarter point as the U.S. continues to struggle with inflation, a flagging labor market and a government shutdown.

In a statement, the central bank said available indicators suggested economic activity has been expanding at a moderate pace, but job gains have slowed this year, and the unemployment rate has edged up. Inflation has also moved up since earlier in the year and remains somewhat elevated. 

The Federal Reserve Open Market Committee (FOMC) said it wants to achieve “maximum employment and inflation” at the rate of 2% percent over the longer run, but uncertainty about the economic outlook remains elevated. 

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Early Fall Colors | Scenic Ontario Road Trip!

Video: Early Fall Colors | Scenic Ontario Road Trip!

All adventures must come to an end, but not without one more journey! Join The Wandering Shepherds as we say farewell to our cozy Calabogie cottage and take the scenic road trip home to Ewetopia Farms. Our first stop was a breathtaking hydroelectric generating station, framed by cliffs, rushing water, and brilliant fall leaves that seemed to have changed overnight. From there, we meandered along winding backroads through lakes and hills, soaking in the spectacular autumn scenery. This year, the colors seemed to arrive earlier than usual—perhaps due to the summer’s drought? Whatever the reason, it was an unforgettable display of Ontario’s fall beauty. Finally, our holiday drew to a close as we pulled back into Ewetopia Farms, ready to return to the sheep and our daily vlogs. But this trip reminded us how important it is to pause, explore, and appreciate the simple beauty around us.