The Federal Reserve cut its interest rate on Wednesday for the third straight time this year.

The central bank lowered rates by a quarter of a point.

The move appears to signal that a majority of Federal Reserve board members think a rate cut will help boost a weaker labor market.

Most experts predicted a cut, but it wasn’t a clear-cut decision, according to Thomas Stockwell, an assistant professor of economics at the University of Tampa.

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“This was a very difficult meeting for the Federal Reserve,” Stockwell said. “There was a lot of evidence that suggested that a rate cut was needed, but there is also a lot of evidence that suggested a rate cut wasn't needed.”

Stockwell says the decis

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