🚨The US Federal Reserve (Fed) lowered the interest rate by 50 basis points.

🚨The US Federal Reserve (Fed) lowered the interest rate by 50 basis points.

🗣️Fed:

•The Fed's decision to cut interest rates was made with 11 votes to 1.

•Some progress has been made toward the 2% inflation target, but it is still somewhat high.

•The FOMC has gained great confidence that inflation is progressing sustainably toward the 2% target.