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Fed Chair Jerome Powell warned after last week’s rate cut that the job market is even weaker than it appeared.
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It would be the third cut in a row and bring the Fed's key rate to about 3.6%, the lowest in nearly three years.
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Job openings have come down steadily since peaking at a record 12.1 million in March 2022.
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For now, the U.S. job market appears stuck in a “low-hire, low-fire” state that has kept the unemployment rate historically low.
Economics
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Nevada state officials express, the demand for reasonably priced housing sees a critical need as the cost of living continues to rise. People in Sun Valley celebrated the latest affordable housing launch.
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The number of people seeking unemployment benefits is seen as a proxy for layoffs.
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The Labor Department also said Thursday that the unemployment rate rose to 4.4% from 4.3% in August.
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Wednesday's decision brings the Fed's key rate down to about 3.9%, from about 4.1%.
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Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier.
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The report on the consumer price index was issued more than a week late because of the government shutdown, now in its fourth week.