🚨 Federal Reserve Lowers Interest Rates Amid Economic Uncertainty

📉 Interest Rate Cut:

The Federal Reserve has reduced the federal funds rate by 0.5%, bringing it to 4.75%-5%. This is the first cut since 2020, signaling concerns over economic risks despite inflation progress.

🔑 Key Updates:

- Economic Activity: Continues at a solid pace, but job gains have slowed.

- Unemployment: Slightly up but still low.

- Inflation: Progressing toward the Fed’s 2% goal but remains elevated.

- Fed’s Focus: Maximum employment and controlling inflation at 2%.

💡Learn more: https://t.co/pbCTjXKtob

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