The Federal Reserve has lowered the interest rate more than 20 times since 1989.
And many in the market still expect that the Federal Reserve will again lower short-term interest rates.
The Federal Reserve has been lowering interest rates steadily since the middle of 1989.
Traders said the data might encourage the Federal Reserve to lower interest rates.
Many analysts do expect the Federal Reserve will lower short-term interest rates one more time this year.
At the same time, the Federal Reserve was lowering interest rates to near 50-year lows.
The market is hoping that after an agreement, the Federal Reserve will lower short-term interest rates.
Market analysts said investors now expect the Federal Reserve to lower interest rates.
The slowing economy could encourage the Federal Reserve to lower interest rates before the end of the year.
The financial markets interpreted the reports as a sign the Federal Reserve would not lower interest rates in the near future.