Politics
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The Douglas County School District is facing a budget deficit for fiscal year 2025 to 2026.
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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.
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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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Past due balances to utility companies jumped 9.7% annually to $789 between the April-June periods of 2024 and 2025.
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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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The report on the consumer price index was issued more than a week late because of the government shutdown, now in its fourth week.
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With interest rates down almost an entire percent since the start of the year, the northern Nevada housing market has reached some form of stability after years of fluctuations.
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The delayed COLA announcement comes as the national social insurance plan faces a severe financial shortfall in the coming years.