đš Federal Reserve Lowers Interest Rates Amid Economic Uncertainty
đ 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.
đ Key Updates:
- Economic Activity: Continues at a solid pace, but job gains have slowed.
- Unemployment: Slightly up but still low.
- Inflation: Progressing toward the Fedâs 2% goal but remains elevated.
- Fedâs Focus: Maximum employment and controlling inflation at 2%.
đĄLearn more: https://t.co/pbCTjXKtob
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