The Fed announced its interest rate decision! Second interest rate cut decision: 25 basis point cut.
The Fed announced its interest rate decision. The US Federal Reserve (Fed), which cut interest rates for the first time in 4 years at its last meeting, has cut interest rates again. The policy rate was reduced by 25 basis points, within expectations, and brought to the 4.50-4.75 percent range.
The Fed's statement indicated that the interest rate cut decision was made unanimously.
The US Federal Reserve (Fed) cut its policy rate for the first time in 4 years at its last meeting, and brought it down by 50 basis points to the 4.75-5.00 percent range.
THE FED REDUCED INTEREST RATES
The Fed met again this month and announced its interest rate decision. The Fed cut interest rates again, within expectations. The interest rates were reduced by 25 basis points, and brought to the 4.50-4.75 percent range.
"RISKS ARE ROUGHLY BALANCED"
The Fed's statement indicated that the decision was taken unanimously. The statement indicated that recent indicators show that economic activity continues to expand at a solid pace.
The statement indicated that labor market conditions have generally eased since the beginning of the year, and that the unemployment rate has increased but remains low.
The statement indicated that inflation is progressing toward the 2 percent target but remains somewhat high, and added, "The Committee assesses that the risks to achieving the employment and inflation targets are roughly balanced."
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