đ§ââïž The US Federal Reserve (Fed) lowered the interest rate by 50 basis points.
đ§ââïž The Fed's decision to cut interest rates was made with 11 votes to 1.
đ§ââïž Some progress has been made toward the 2% inflation target, but it is still somewhat high.
đ§ââïžThe FOMC has gained great confidence that inflation is progressing sustainably toward the 2% target.
đ§ââïžWhen considering additional rate adjustments, we will carefully evaluate incoming data, evolving outlooks, and the balance of risks.
đ§ââïž Quantitative tightening continues at its previous pace.
đ§ââïž Economic activity is growing at a strong pace.
đ§ââïž Employment gains have slowed, the unemployment rate has moved upward but is still low.
