š„š„š„HOW WAS THE FED'S INTEREST RATE DECISION MADE? WHAT CAUSED THE SURPRISING DEVELOPMENT?š„š„š„
š£ļøFed:
ā¢The Fed's interest rate cut decision was made by 11 votes to 1.
ā¢Inflation has made a little more progress towards the 2 percent target, but it is still a little high.
The FOMC has gained great confidence that inflation is progressing sustainably towards the 2 percent target.
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