The US Federal Reserve has lowered interest rates for the third time this year despite growing divisions, as policymakers aim to prop up the slowing labour market.
The central bank said on Wednesday it was lowering the target for its key lending rate by 0.25 percentage points, putting it in a range of 3.50% to 3.75% - its lowest level in three years.
It remains unclear where rates will go in the months ahead. Policymakers disagree about how the Fed should balance competing priorities: a weakening job market on the one hand, and rising prices on the other.
The Fed's economic projection released on Wednesday suggests one rate cut will take place next year, although new data could change this.
The decision to lower rates on Wednesday was not unanimous, suggesting widening divisions among central bankers over the outlook for the US economy.
