The Fed cut interest rates slightly on Wednesday to steady the economy amid a weakening job market, as a long government shutdown has clouded its view of the economy.

Interest rates should continue their downward journey, as forecasters expect another rate cut from the Fed on Oct. 29. Are more cuts coming?

Wednesday’s decision brings the Fed’s key rate down to about 3.9%, from about 4.1%. The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.

The bond market appears to be doing its own thing Wednesday, even as the Federal Reserve cuts interest rates for the second time this year. The benchmark 10-year Treasury yield was up 5 basis points to 4.

The Federal Reserve is expected to lower interest rates by a quarter point, a critical decision that could affect anyone with credit card debt or small-business loans.

What risk on? Bitcoin barely changed after the Federal Reserve cut its key interest rate by 25 basis points on Wednesday and said it would end its quantitative tightening program on Dec. 1. The largest cryptocurrency was 1.

The Federal Reserve has said it will halt its effort to shrink its balance sheet in December as it cut rates by a quarter point, in a bid to ease borrowing conditions amid concerns about the US labour market.

The Federal Reserve cut interest rates today by a quarter point. Follow along for live updates on the Dow, S&P 500 and Nasdaq as investors react.