<span>STORY: A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday (October 29), despite dissent from two policy makers.</span><span>“Why in the world are they cutting rates now?” asks Smith. </span><span>“If you look at the last data that we got, the ADP report and you look at that by sector, you can see that most of the decline in job growth is coming from a couple of sectors,” construction, technology and government.</span><span>“That’s a trend that’s going to continue and is not susceptible to improvement from a 25 basis point rate cut.”</span>
