🇺🇸The Fed cut interest rates by 25 basis points.
🚨Fed:
•The decision was unanimous.
•Economic activity continued to grow at a solid pace.
•Inflation made progress toward 2%, but remains slightly elevated.
•Gained greater confidence that inflation is moving sustainably toward the 2% target.
•The committee believes that risks to employment and inflation targets are roughly balanced.
•Labor market conditions have generally eased. Unemployment rose, but remains low.
