1. The Federal Reserve 📉 cut interest rates 💲 by 25 basis points, the second cut this year 2024 📅.
2. The vote 🗳 was unanimous in favor of a 25 basis point rate cut 📉.
3. The Federal Reserve 📊 sees risks to its economic goals 📈 as still "roughly balanced ⚖️".
4. The labor market 👷♂️👩💼 has generally become more flexible and easier 👌.
5. The bank no longer uses the expression "gaining confidence" 💬 about inflation 📊 moving toward 2% 📉.
6. The Federal Reserve will continue to shrink its balance sheet. Experts expect an additional 25 basis point rate cut in December.