🧙‍♂️ The US Federal Reserve (Fed) lowered the interest rate by 50 basis points.

🧙‍♂️ The Fed's decision to cut interest rates was made with 11 votes to 1.

🧙‍♂️ Some progress has been made toward the 2% inflation target, but it is still somewhat high.

🧙‍♂️The FOMC has gained great confidence that inflation is progressing sustainably toward the 2% target.

🧙‍♂️When considering additional rate adjustments, we will carefully evaluate incoming data, evolving outlooks, and the balance of risks.

🧙‍♂️ Quantitative tightening continues at its previous pace.

🧙‍♂️ Economic activity is growing at a strong pace.

🧙‍♂️ Employment gains have slowed, the unemployment rate has moved upward but is still low.